Fiduciary and administration provider, Estera, previously part of Appleby and which has a big presence on Cayman, has acquired Guernsey-based Morgan Sharpe Administration.
The deal was finalised on Monday 27 February and is subject to regulatory approvals, following which the business will be rebranded under the Estera name.
Farah Ballands, CEO of Estera, said: "This is a great start to the new year following the success of our rebrand in 2016. The team at Morgan Sharpe is a perfect fit with the Estera group – they are committed to the high standards of service that our clients are accustomed to and we are pleased to welcome them. Under our ownership, Morgan Sharpe’s clients will benefit from additional resources and access to Estera’s expertise on a global basis.
"Estera is committed to enhancing its position as a leading player in existing and new jurisdictions. With this announcement, we are able to offer clients greater breadth of capabilities in private equity fund administration whilst strengthening Estera’s position in an important market – we are thrilled to boost our presence in Guernsey."
Estera, Cayman Islands, Acquisition, Morgan Sharpe Administration