Trust Estate

Bedell Trust Bought By Its Managers, Private Equity House

Tom Burroughes Group Editor 7 April 2016

Bedell Trust Bought By Its Managers, Private Equity House

The trusts and fiduciary services firm has has been subject to an MBO, with funds also coming from a private equity house. The financial size of the deal was not disclosed.

Bedell Trust, which provides corporate and fiduciary services, has been bought by its managers and private equity firm Inflexion from Bedell Partnership. The purchase price was not disclosed.

The deal’s completion is subject to regulatory approvals, Bedell Trust said in a statement yesterday.

Bedell Trust's management will retain full operational control of the business, it said. Bedell Trust employs more than 200 people. Chief executive Nick Cawley, together with Michael Richardson as executive chairman, will continue to lead the firm.

The MBO will result in additional funding, allowing the firm to “accelerate its significant growth plans and to continue to pursue market opportunities as they occur”, it said.

Last September Bedell Trust acquired a majority stake in Singapore Trust Company as part of its strategic growth plan. 

Advisors for Bedell Trust were Macfarlanes and Bedell Cristin (legal), Wyvern (M&A), Alex Picot (structuring, tax), KPMG (compliance due diligence), Cooper Gay (insurance). Advisors for Inflexion were KWM and Mourant Ozannes (legal), Deloitte (financial due diligence), Jardine Lloyd Thompson (insurance). 


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