Farah Ballands, Estera chief executive, said: ‘This is a really exciting next step for our business and everyone who works for it. We are delighted that we will be combining with Ocorian, which with Inflexion’s support, will help us develop and grow the business even further. We look forward to implementing an ambitious joint growth plan.’
The combined business will have a foothold in 18 key global jurisdictions, including Bermuda, Cayman, Guernsey, Ireland, Jersey, Luxembourg and Mauritius. The businesses will have over 1,250 professionals globally, serving more than 8,000 clients across the corporate service, fund administration and private client sector. Together, Ocorian and Estera will provide a complete range of services to clients with multi-jurisdictional needs. In particular, Ocorian clients will benefit from Estera’s established North American presence (Bermuda, BVI and Cayman), while Estera clients will be able to leverage Ocorian’s strong links to the Middle East and Africa.
Simon Turner, managing partner, Inflexion, commented: ‘Since carving out Ocorian from Bedell Cristin in September 2016, the business has successfully completed four acquisitions, significantly diversifying its client offering geographically. The combination of Ocorian and Estera is truly transformational, creating a global, market-leading business of significant scale and we look forward to partnering with both teams to accelerate the growth of the joint business.’
