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Zedra to take over JP Integra
Posted on Monday, 03 December 2018 14:33
Zedra is acquiring Cayman Islands-based trustee, corporate and fund services provider JP Integra in the first half of 2019 to boost capabilities in structuring and administrative activities.
Originally established as JP Funds in 2007, the Cayman Islands-headquartered group is independently owned and operated to create and administer investment structures for capital growth and wealth preservation.
The activities of the group, which currently has assets under administration of more than USD 6.00 billion, include financial, fiduciary, transaction, fund and trust administration, consultation and legal advice.
JP Integra and its operating entities in the UK and Singapore and associated company in Switzerland enable clients to organise and manage complex international capital holdings, foreign exchange, broking and investment projects.
Zedra expects the addition of the private funds, private equity, corporate management and private wealth services provider to complement its own already-established trust services office and staff in Cayman.
At the company’s core is the onshore and offshore administration, management and transfer business from Barclays in 2016.
It has a diverse client base, including high-net-worth individuals and their families, international corporations, institutional investors and entrepreneurs.
Zedra’s network covers 13 jurisdictions across 15 offices in Asia, Oceania, the Americas and Europe.
The group recently announced that Corsair Capital, a long-standing private equity firm focused on the financial services industry, has made a majority investment in the company to support growth and expansion.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 1,570 deals announced so far this calendar year that targeted portfolio management, funds, trusts and other financial vehicles.
The largest by value is Invesco announcing plans in October to acquire OppenheimerFunds for USD 5.75 billion.
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