Bedell Cristin advises Ocorian on its agreed acquisition of Capco Trust Jersey Limited15 Feb 2018
Bedell Cristin has advised Ocorian, a leading global financial services provider, on its definitive agreement to purchase Capco Trust Jersey Limited ("Capco"), an independent Jersey-based private client and corporate services business.
The acquisition expands Ocorian's service capabilities and increases its client base and scope of service offering to include expertise in all aspects of international maritime structuring. In turn, Capco’s clients will now benefit from an enhanced range of specialist financial services across wider international jurisdictions. All 29 staff from Capco will join Ocorian’s 350+ strong international team to support and grow the client relationships that are at the core of this acquisition.
Bedell Cristin acted as lead legal advisor to Ocorian, supporting on all legal aspects of the purchase including due diligence, employment arrangements and transaction documents.
The team from Bedell Cristin was overseen by Tim Pearce, global partner, with support from the Jersey corporate partners and led by senior associate Guy Westmacott. Senior associate Will Austin-Vautier and associate Natasha Bairstow also played a key role.
Tim Pearce commented: "We are delighted to have advised on this important acquisition and to have played a part in the continuing expansion and success of the Ocorian business. We wish the combined business every success."
Grant Barbour, Global Head of Private Client for Ocorian, commented: "Bedell Cristin is known as a leading adviser in the Channel Islands' M&A market and has consistently provided top quality, responsive legal support to Ocorian during this acquisition process."