19JUL19: Two M&A transactions in the independent sector:
Inflexion Private Equity is set to acquire Estera, a provider of funds, corporate and trust services, from Bridgepoint. Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company Ocorian. The combined business will operate from 18 global jurisdictions, including Bermuda, Cayman, Guernsey, Ireland, Jersey, Luxembourg and Mauritius. The businesses will have over 1,250 staff, serving over 8,000 clients across the corporate service, fund administration and private client sector.
Quilvest Private Equity and Gen II Fund Services, LLC have announced their intention to enter into a strategic agreement whereby Gen II will acquire Quilvest Luxembourg Services S.A. (QLS), and Quilvest will remain a client of Gen II. QLS is a Quilvest affiliate based in Luxembourg providing private equity & real estate administration services, with >USD5bn AuA. The transaction is subject to regulatory approval. Upon closing QLS will change its name to Gen II Luxembourg Services.