Ocorian and Estera have merged to create what's described as a "global leader in corporate and fiduciary services, fund administration and capital markets," which will operate under the Ocorian name, with new branding.
Ocorian is now the seventh largest corporate, funds and trust group in the world by revenue, and manages over 17,000 structures on behalf of over 8,000 clients.
With assets under administration of $260bn, the newly formed Ocorian business says it will offer corporate, funds and fiduciary services across a network of 20 offices.
“The combination of Estera and Ocorian is extremely powerful," Farah Ballands (pictured top), Ocorian Group Chief Executive Officer, commented.
"No matter where in the world our clients’ financial interests are structured, we will provide flexible, bespoke solutions that meet their needs as well as the needs of their stakeholders and regulators. Our clients really are at the heart of everything we do."
Carey Olsen advised private equity investor, Bridgepoint, on the sale of Estera, working alongside Lead Counsel Travers Smith.
Pictured: Carey Olsen's Corporate Partner, Guy Coltman.
The transaction involved a cross-jurisdictional team working across different offices and time zones.
Corporate Partner, Guy Coltman, said: "Working together as a cross-jurisdictional team from Carey Olsen, utilising specialists in each of our offices and across all time zones, we were delighted to assist Travers Smith and Bridgepoint with this important transaction."
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.
Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.
There are no comments for this article.