On 6 June 2016, Intertrust Group (“Intertrust”) agreed to acquire Elian Group (“Elian”). The acquisition is warmly welcomed by both Elian and Intertrust. It will have a positive impact on both companies and on you and your advisors.
Elian is a high growth, regional Trust & Corporate Services leader. It has the number one leadership position in Jersey and a strong presence in the UK and 13 other jurisdictions, 10 of which overlap with Intertrust. Elian is particularly strong in services for Capital Markets, having acquired SFM Europe in 2015, and for Private Equity & Real Estate Fund Administration.
Elian and Intertrust are an excellent fit from a business and corporate culture perspective. The positive synergies between the companies will enable us to offer you and your advisors more.
The acquisition of Elian reinforces Intertrust’s global leadership position, increases diversification across jurisdictions and clients, and aligns perfectly with Intertrust’s three strategic M&A pillars:
– Significantly increases Intertrust’s scale in the UK (London), Ireland and Spain, and further consolidates Intertrust’s market leading positions in Cayman, Guernsey, Luxembourg and the Netherlands;
– Adds high-value complementary services for Capital Markets and Private Equity & Real Estate Fund Administration; and
– Expands Intertrust’s footprint with the number one leadership position in the attractive jurisdiction of Jersey.
As a combined group, Intertrust will operate with over 2,400 people from 41 offices in 31 countries.
The acquisition reinforces Intertrust’s focus to support its clients with their demands for expertise and global capabilities as a result of increasing globalization and foreign direct investment – and to support its clients in an increasingly regulated environment with growing compliance requirements.
First and foremost, our focus remains on delivering the highest quality service to our clients.
A small and dedicated team at Intertrust and Elian will work on completing the acquisition, which is expected in the second half of 2016. In the meantime we will keep you informed of all relevant developments.