M and A

Equiom Completes Two Deals In Two Days

Robbie Lawther Reporter 9 October 2017

Equiom Completes Two Deals In Two Days

The financial terms of the deals were not disclosed.

International professional services provider Equiom has completed two acquisitions in the European market. It completed its acquisition of DF Corporate Services, a licenced trustee and fiduciary company based in Malta, on 26 September and that of Carey Group Monaco, a trust and fiduciary business, on 28 September.

The seven staff from DF Corporate Services will join Equiom Malta staff in a new office towards the end of this year. A total of 20 staff from Carey Group Monaco will join Equiom with immediate effect and the business will continue to operate from its Monaco location. The re-brand to Equiom will complete in the coming weeks, the firm said in a statement.

DF Corporate Services offers corporate services, including company formation, trust, fiduciary and support functions such as back office and accountancy to clients globally from its offices in Malta. Carey Group Monaco, led by Stephane Postifferi, provides s0ervices including trust administration, family office services, private wealth planning and administration.

"Completing two deals within two days of each other is a tremendous achievement," said Equiom’s global chief executive, Sheila Dean. "It has been extremely challenging, however our acquisition team has really gone the extra mile to make these transactions happen. I want to give a particular mention to our head of M&A – Europe, Nick Evans, who worked tirelessly to bring these two exciting opportunities to a conclusion. Both acquisitions will make excellent additions to Equiom, allowing us to develop our current service offering and expand our presence in Europe."

Dean added: "The team at DF Corporate Services brings a suite of complementary services to our existing Maltese business, while Carey Group provides Equiom entry into a key jurisdiction and allows us to leverage further our market-leading yachting proposition. I am pleased to welcome both teams to the Equiom family; the client-centric service ethos and cultural compatibility complements Equiom perfectly and will enable us to raise the bar higher in terms of the service we offer to clients. I thank our equity partners LDC and our legal advisers Gowling WLG for their valued input and support throughout the process."

The financial terms of the deals were not disclosed.

There have been many mergers and acquisitions over the last few weeks, and Ray Soudah, founder of MilleniumAssociates spoke to this publication recently about the future of the industry surrounding M&A deals.

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