Ocorian and Estera to merge

Wednesday 24 July 2019

Inflexion’s portfolio company, Ocorian, has acquired Estera, a global provider of funds, corporate and trust, from Bridgepoint.

Following completion of the investment, subject to regulatory approval, the two companies will merge to form a global corporate service and fund administration firm.

The combined businesses will operate from 18 jurisdictions, including Jersey, Guernsey, Bermuda, Cayman, Ireland, Luxembourg and Mauritius.

Farah Ballands, Estera Chief Executive, said: “This is a really exciting next step for our business and everyone who works for it. We are delighted that we will be combining with Ocorian, which, with Inflexion’s support, will help us develop and grow the business even further. We look forward to implementing an ambitious joint growth plan."

Pictured: Farah Ballands, Estera Chief Executive.

Stuart Layzell, Ocorian Chief Executive, commented: “This is a landmark transaction for Ocorian. Together both businesses will be able to offer an enhanced service to their clients wherever they are located. The whole team looks forward to working with the team at Estera to take the enlarged business forward.”

William Paul, Partner and Head of Bridgepoint's financial services team, added that the firm wished "the company and its team continued success under its new ownership."

The investment was made by affiliated funds, advised by Inflexion Private Equity Partners LLP.

Its Managing Partner, Simon Turner, said: “Since carving out Ocorian from Bedell Cristin in September 2016, the business has successfully completed four acquisitions, significantly diversifying its client offering geographically. The combination of Ocorian and Estera is truly transformational, creating a global, market leading business of significant scale and we look forward to partnering with both teams to accelerate the growth of the joint business.”