Global fund partner Orangefield acquires Legis in Guernsey
(Thomson Reuters ONE) -
21-11-2014 AMSTERDAM - Orangefield Group ("Orangefield") has expanded its fund
services division by acquiring a significant interest in Legis Fund Services
Limited ("Legis"), a large fund administrator based in Guernsey. With this
investment, Orangefield increases its assets under administration to over 50
billion (USD) in total.
The move, which has obtained regulatory approval, will benefit Legis' clients by
providing access to a wide range of global markets.
Changing its name to Orangefield Legis Fund Services Limited, the Guernsey
business will continue to be headed up by Managing Director Patricia White with
Legis Group's Chief Executive Officer Stuart Platt-Ransom's involvement and will
be integrated into the existing Orangefield fund administration division. Both
will retain a shareholding in the business, as will the rest of the Guernsey
employees and external investor Bailiwick Investments Limited.
The 50 Guernsey staff will remain the prime contacts for their clients with
additional support by Orangefield's 600 specialist employees in 20 countries in
the Americas, Europe, Asia and Africa.
Legis Fund Services Limited focuses on all classes of alternative investment
funds, including listed, hedge, private equity, and real estate funds, and
supports clients all over the globe. As it is located in Guernsey, an important
location for fund setup worldwide, the acquired company forms a significant
geographical gain for Orangefield. As a part of Orangefield, the Legis team will
benefit from a broader suite of products and additional resources.
"We are often seeing clients who might have fund structures in the Channel
Islands, Cayman and the Far East, or whose fund structures encompass the use of
SPVs in a number of countries," says Mr. Platt-Ransom. "It is much more
efficient for them to be able to rely upon one single service provider that can
operate across all these jurisdictions." He adds: "In most respects it will be
business as usual. Our service will not be disrupted in any way by this welcome
development and clients will continue to deal with the Legis team members with
whom they already enjoy a close working relationship."
Joep Bruins, Chief Executive Officer of Orangefield, says that Orangefield is
proud to add the ambitious, quality oriented Legis company to their group. "They
share our vision for continuous growth and development. Though they already have
award-winning service, like us they believe that getting better never stops."
Earlier this year the Legis trust and corporate services business was acquired
by The Bank of N. T. Butterfield & Son. Legis Tax Services, which was founded in
October 2012, will continue to offer tax, compliance and advisory services.
About Legis Group
Headquartered in Guernsey, with clients in over 50 countries, the Legis Group
provides intelligent, thoughtful solutions that come from decades of experience
providing multi-jurisdictional fund, corporate and trust structuring as well as
expert administrative, tax advisory and compliance support services, to
institutional and private clients. Originally set up in 1979 by partners of
Ozannes law firm, the Legis Group has grown from strength to strength,
positioning itself as a market leader and best of breed independent. In March
2011, the Legis Group management team acquired the business alongside an
investment from Bailiwick Investments Limited. In January 2014 the Legis trust
and corporate services business was acquired by The Bank of N.T. Butterfield &
Son Limited. Further details on Legis Group can be obtained from:
www.legisgroup.com.
About Orangefield Group
Orangefield is your international expansion and alternative fund investment
partner. We assist corporations with expanding into new and existing markets and
provide hedge funds, private equity funds and real estate firms with superior
financial and administrative services. Our services include setup,
administration, compliance, and management solutions for SMEs, multinationals
and alternative investment funds. Over 600 Orangefield professionals working in
20 countries around the world offer support in all major financial centers. With
more than 40 years of experience, a wide range of services and one personal
global contact for each client, we are the partner for international business.
For more information visit: www.orangefield.com
For more information contact:
Guido Wagenaar
Global Head Business Development Orangefield Group
Office +31 20 5405800
Direct +31 20 5405889
guido.wagenaar(at)orangefield.com
Orangefield Amsterdam
Teleportboulevard 140
1043 EJ Amsterdam
The Netherlands
Orangefield acquires Legis in Guernsey:
http://hugin.info/149357/R/1873174/659627.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Orangefield Group via GlobeNewswire
[HUG#1873174]
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2014 - 12:00 Uhr
Sprache: Deutsch
News-ID 354656
Anzahl Zeichen: 5811
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 259 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Global fund partner Orangefield acquires Legis in Guernsey"
steht unter der journalistisch-redaktionellen Verantwortung von
Orangefield Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
