Inflexion Private Equity is pleased to announce that its portfolio company Ocorian, a leading global financial services firm, has acquired Capco Trust, a Jersey-based private client and corporate services business.
The deal will expand Ocorian’s service capabilities and client base, as well as the scope of its service offering to include expertise in international shipping finance. In turn, Capco’s clients will now benefit from an enhanced range of specialist financial services across a much wider range of international jurisdictions.
The deal is the third for Ocorian in the last 6 months, having announced the acquisitions of MAS in July 2017 and Intruad / Intruma in October 2017. Each acquisition has enhanced Ocorian’s service provision to clients, whilst also extending its geographical presence. Intruad gave the business a footprint in the Netherlands, while MAS enhanced Ocorian’s presence in Luxembourg, Europe’s largest fund jurisdiction.
Ocorian was founded in 1971 as Bedell Trust. Today the firm serves more than 900 clients across its eight regional offices employing over 350 people. Capco was founded in 1977 and its 29-strong team will become part of the enlarged Ocorian business.
The transaction is subject to regulatory consent.