Company Profiles
Guernsey Bachmann Group Announces Management Buyout
The Bachmann Group, the Guernsey-based international fiduciary firm, has announced a management buyout of the principal group operations entitling its 35 senior managers to 40 per cent of the firm's shares.
According to the firm, the terms of the deal were designed to enable the organisation to maintain its existing growth and a new holding company has been created.
The buyout concerns staff members from operations in Guernsey, Switzerland and the UK, leaving the group's founder Peter Bachmann with the remaining 60 per cent of the company’s shares. The Bachmann Group will continue to be led by existing chief executive Gerry Williams.
Williams said that all staff jobs were secure and that it was anticipated the buyout would provide an opening to create more roles and increase employment opportunities.
"The transaction will allow the opportunity for the new company to expand its product scope and look at potential acquisitions to complement the existing business and drive future growth," he said.
