Bedell Cristin Guernsey, working alongside White & Case, has advised Ocorian on its acquisition of Platinum Compliance.
The Guernsey-based consultancy Platinum Compliance, founded by Lindsay Fox in 2017 provides compliance consulting services using the Platinum GATEway, a proprietary software solution that enables clients to track and meet their regulatory obligations in Guernsey.
The purchase, which builds on Ocorian's acquisition of Newgate Compliance in December, enables the firm to able to provide end-to-end administration services and compliance and regulatory services in Guernsey.
Frederik van Tuyll, Chairman and CEO at Ocorian, said: “Our clients have a growing need for compliance services and we are looking forward to working with Lindsay and the team at Platinum to expand our funds and regulated client service offering in the Guernsey market.”
The Bedell Cristin team was led by Guernsey Managing Partner Kate Ovenden, assisted by Managing Associate, Lee Osborne and Paralegal, Steven Zandvliet.
Kate Ovenden commented:
"We were delighted to act as advisers to Ocorian on another successful acquisition by the business. Ocorian has been a much valued client for a number of years and we were very pleased to see the matter exchange."
The deal, agreed on 2 March, is expected to complete later this month.