Bedell Cristin provides advice on sale of UBS fund services business
15 December 2015
Bedell Cristin was appointed to advise UBS in connection with the sale of its Jersey alternative fund services business to Japanese headquartered Mitsubishi Fund Services. According to external sources, the acquisition was valued at approximately 30billion yen (£200m).
Bedell Cristin's advice related to the separation of administration services and the impact of such sale on certain funds administered and managed by UBS, and drew on the experience of the firm's commercial, employment and regulatory teams to prepare and negotiate new contracts and novation agreements and to liaise with the Jersey Financial Services Commission.