Bedell Cristin has advised Inflexion Private Equity on the acquisition of Estera, a leading global provider of funds, corporate and trust services, from Bridgepoint. Completion of the transaction is subject to regulatory approval.
Following completion, Estera will be merged with Inflexion's existing portfolio company, Ocorian. The combined business will be one of the largest administrators globally, operating from 18 jurisdictions with over 1,250 professionals serving 8,000 clients. 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.
Bedell Cristin is providing BVI, Cayman, Guernsey and Jersey legal advice to Inflexion alongside onshore legal advisors, White & Case LLP. The team is led by Bedell Cristin's global head of financial services law, Tim Pearce, supported by partners Kate Ovenden, Alasdair Hunter, Guy Westmacott, Jonathan Fitzgibbons and Kristian Wilson, managing associate Richard Le Liard, senior associates Louise Hassell and Sukh Chana, associates Craig Geraghty and Eugene Reavey and legal assistants Jennifer Mills and Philip Kendall.
Bedell Cristin partner, Guy Westmacott, commented: "This is one of the most significant recent transactions in the global financial services sector. We are thrilled to have been chosen for this important role, which demonstrates Bedell Cristin's ability to support large, complex M&A across multiple offshore jurisdictions. We would like to congratulate the parties on agreeing this landmark deal and wish the merged business every success."
Stuart Layzell, chief executive officer at Ocorian, added: "Lawyers from across Bedell Cristin's global team provided excellent local knowledge for this important transaction and we have been delighted with their responsive and efficient service."
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