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Ocorian

Inflexion partnered with fund, corporate and trust administration business Ocorian in September 2016. Since then, Inflexion has supported the growth of the business through M&A including the transformational acquisition of Estera, forming a global corporate service and fund administration leader of significant scale.

Ocorian shutterstock_112634183.jpg

  • Sector

    Business services

  • Headquarters

    Jersey, UK

  • Fund

    Buyout

  • Investment date

    September 2016

  • Status

    Current

The company

Ocorian is a provider of corporate, fund and fiduciary administration services, headquartered in the Channel Islands. The business was founded in 1971 as Bedell Trust and until 2016 was part of Bedell Cristin law firm. Following the acquisition of Estera in July 2019, the combined business operates from 18 key global jurisdictions, including Bermuda, Cayman, Guernsey, Ireland, Jersey, Luxembourg and Mauritius. The businesses have over 1,250 professionals globally, serving over 8,000 clients across the corporate service, fund administration and private client sector. Together, Ocorian and Estera, provide a complete range of services to clients with multi-jurisdictional needs. In particular, Ocorian’s clients benefit from Estera's established North American presence (Bermuda, BVI and Cayman), while Estera’s clients are able to leverage Ocorian's strong links to the Middle East and Africa.

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The Inflexion difference

Inflexion’s successful relevant experience with a business similar to Ocorian, Sanne (LSE: SNN), means we truly understand how to drive growth in this market. Additionally, our international M&A experience makes us best placed to support Ocorian’s international growth plans. Within 18 months of our investment, Ocorian made a number of strategic acquisitions, including ABAX, MAS International, Capco Trust, and Intruad / Intruma.

We supported the transformational acquisition of Estera in 2019 to create a global, market leading business of significant scale and we are using our experience in integrating companies to ensure a smooth transition for the new combined firm. Each acquisition has diversified Ocorian’s service provision to clients, whilst also extending its geographical presence. We are continuing to work with the company to evaluate further acquisitions, and acquired Allegro, a high growth fund administration business in Luxembourg in 2020.

Interview

Carving-out and building an international business

Inflexion have been an incredibly supportive investor, particularly in helping us achieve our M&A ambitions. The acquisition of Estera was a landmark transaction for Ocorian and together both businesses will be able to offer an enhanced service to their clients wherever they are located. I look forward to working with Inflexion further as we accelerate organic growth and our ambitious M&A acquisition strategy.

Farah Ballands,

CEO, Ocorian

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