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Inflexion is pleased to announce that its portfolio company Ocorian, a leading global financial services business, has agreed to acquire MAS International (“MAS”). MAS provides corporate and fund administration services to a high quality client base of blue-chip alternative asset managers and multinational corporates.
MAS will significantly enhance Ocorian’s local position in Luxembourg, Europe’s largest fund domicile with FUM of €3.8trn and 12% p.a. growth since 2012. With over 75 employees and additional operations in Mauritius and North America, MAS will further diversify Ocorian’s global footprint and strengthen its position as a multi-jurisdictional platform for institutional clients.
Ocorian is headquartered in the Channel Islands and operates internationally. It has grown rapidly, enjoying a reputation for being one of the highest quality operators serving blue-chip multinational clients.
The transaction is subject to regulation consent.
Nick Cawley, Chief Executive Officer, Ocorian, commented: “This transaction reflects the sustained growth and diversification of Ocorian’s newly defined business. It will further strengthen our position as a leading global provider of fund administration and corporate services complementing our real estate and private client services. The acquisition is consistent with Ocorian’s ongoing evolution and commitment to continued international growth in leading jurisdictions. By bringing the two businesses together Ocorian’s fund administration and corporate services offering will now be strengthened to help build our high quality and sustainable business.”
Simon Turner, Managing Partner, Inflexion, commented: “We are dedicated to supporting acquisitive growth within our investee businesses with over 30 add-on acquisitions completed in the last year alone. Ocorian is a highly successful business with an excellent reputation for client service. Securing this acquisition is testament to the growth ambitions of Ocorian’s tenacious management team.”