ZEDRA, a global provider of trust, corporate and fund services, has acquired JP Integra Group, the Cayman-based provider of fund, corporate and trustee services, which has assets under administration in excess of $6 billion.
The transaction, which is subject to regulatory approval and is expected to complete in the first half of 2019, increases ZEDRA’s capabilities in providing structuring and administrative solutions to its international clients.
ZEDRA already has an established office and staff in Cayman providing trust services, which will complement its private funds, private equity, corporate management and private wealth services provided by JP Integra.
On completion of the transaction JP Integra’s operations will be rebranded and fully integrated within ZEDRA, and all members of staff from the two offices will form a singular team and presence on the island.
Peter Cockhill of JP Integra will be the managing director of the combined office and the directors of both ZEDRA and JP Integra will remain in their current roles.
“We’re delighted to announce the acquisition of JP Integra. This important acquisition represents a significant step forward in strengthening our capabilities and client service in Cayman,” said Niels Nielsen, ZEDRA Group CEO.
Peter Cockhill, CEO of JP Integra, added: “At JP Integra, we’ve always endeavoured to be a solutions-focused provider, offering bespoke services to clients. By joining ZEDRA we’re able to maintain this approach and we’ll be able to do even more for our clients; joining a team whose fund experience paired with our own is particularly appealing.”
ZEDRA recently announced that Corsair Capital, one of the longest-standing private equity firms focused on the financial services industry, has made a majority investment in ZEDRA.
JP Integra Group, ZEDRA, M&A, Peter Cockhill, US