Tue, 17 Sep 2013 | MBO/MBI
Corporate service business Equiom has been purchased in a management buy-out, with support from private equity firm LDC.
Founded over 30 years ago, Equiom is based on the Isle of Man and offers fiduciary and administration services relating to various asset classes for a broad customer base. It became Ernst & Young’s fiduciary business in 1990.
It changed hands in 2006 following an MBO led by group managing director Sheila Dean, backed by Isis Equity Partners.
Equiom went on to make several business purchases including Intertrust, a yachting and aviation business on the Isle of Man in 2011, Jersey-based fiduciary services provider Andium Trust in 2012 and trust services Isle of Man firm City Trust in April.
It has effectively added administration services to e-Gaming, crewing, aviation and yachting to its offerings as a result of its deals.
The 100-staff firm with offices in Isle of Man, Jersey and Malta, will use the additional support to fuel growth and further business acquisitions.
Sheila Dean told Insider Media: “Our strategy for organic and acquisitive growth will continue as we enter new markets, offering our loyal intermediaries and clients even more diverse jurisdictional solutions.
“LDC’s investment brings additional strategic input and financial backing to our business and reflects the confidence that both parties have in Equiom’s growth potential.”
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