07 June 2016
Macfarlanes advises Elian's management on its sale to Intertrust Group B.V.
Macfarlanes has advised the management team of Elian (formerly Ogier Fiduciary Services) on the sale of the company by Electra Partners to Intertrust Group B.V. for £435m, including on the reinvestment of part of the management team's proceeds into shares of Intertrust N.V. (the Amsterdam-listed parent company of Intertrust Group B.V.). The transaction is subject to, inter alia, Intertrust N.V. shareholder and customary regulatory approvals and is due to complete in the third or fourth quarter of 2016..
In 2014 Macfarlanes advised management on the original Electra-backed buy-out of Ogier Fiduciary Services from the Ogier Group. Since Electa's investment in 2014, they have worked closely with management to grow the offshore trust and corporate services business, which has a leading position in Jersey and a strong presence in the UK and a number of other jurisdictions.
Corporate and M&A partner Stephen Drewitt, who led the Macfarlanes team, said: "We are delighted to have been able to continue to assist the management team in another important step for this business by drawing on our recent experience in this sector. We wish them well for the future."
