Barry Black;
Equiom, a private equity (PE)- backed trust and company services firm headquartered in the Isle of Man, has announced the acquisition of Carey S.A. Luxembourg, a corporate and fund administration business operating alternative investment vehicles, tax reporting alternative fund services and private wealth solutions.
Led by Managing Director Barry Black, the team at Carey S.A. are experts in the incorporation and central administration of Luxembourg unregulated and regulated alternative investment vehicles, tax reporting alternative fund services and private wealth solutions.
Equiom’s Global Chief Executive Officer Sheila Dean commented "The acquisition of Carey S.A. comes at a time of tremendous growth for Equiom, having only recently expanded into Monaco and extended our presence in Malta. It has been a goal of Equiom’s to establish a presence in Luxembourg for quite some time and now that we have achieved this, we can really make our mark in Europe. Luxembourg is an exciting new jurisdiction for us that offers access to an opportune market and with the addition of a brand new fund services line, we are able to expand our offering even further. I am looking forward to working with Barry and the team to create a truly comprehensive service to our clients. I thank our equity partners LDC and our legal advisers Gowling WLG for their valued input and support throughout this acquisition."
Barry Black, Managing Director of Carey S.A. Luxembourg, added "Over the last ten years, Carey S. A Luxembourg has always been focused on providing clients with a high-quality service offering. Joining Equiom allows us to maintain this high level of service while also allowing us to access a wider network of cross-jurisdictional and multi-disciplined expertise. With the backing of a larger firm, we will have the ability to provide a consistently high standard of service, expanding into new areas offering various personal wealth protection services. I believe our shared values will put us in a good position to work well together in the future and our existing services and expertise will fit well with the team at Equiom. As we continue business in a new capacity, we remain fully committed to our existing valued clients and we will ensure to continue to provide them with the best standard of service possible."
A total of 18 staff will join Equiom Group with immediate effect. The Luxembourg team will continue to operate from the same office location, which will rebrand to Equiom by the end of January 2018.
The terms of the sale were undisclosed.
