Global law firm White & Case LLP has advised Inflexion Private Equity (Inflexion) on the acquisition of Estera, a leading global provider of funds, corporate and trust services, from international private equity firm Bridgepoint.
Following the completion of the investment, Estera will be merged with Inflexion's existing portfolio company Ocorian, which provides administration and fiduciary services to corporate, institutional and private investors, to form a global corporate service and fund administration leader.
"We have advised Inflexion on a genuinely transformational deal, with the combination of Estera and Ocorian creating a global, market leading business of significant scale," said White & Case partner Ashley Ballard, who led the Firm's deal team. "The transaction showcases our strengths advising private equity houses and financial services players on their most important, complex, cross-border deals."
The combined business will operate from 18 global jurisdictions, employ in excess of 1,250 professionals worldwide and provide a complete range of services to more than of 8,000 clients with multijurisdictional needs across the corporate service, fund administration and private client sectors. Ocorian clients will benefit from Estera's established North American presence, while Estera clients will be able to leverage Ocorian's strong links to the Middle East and Africa.
Inflexion is a mid-market private equity firm investing in high growth, entrepreneurial businesses and working in partnership with them to accelerate growth. Inflexion has offices in London and Manchester and backs both majority and minority investments, typically investing £10 million to £250 million of equity in each deal. Funds advised by Inflexion have funds under management of around £5.4 billion.
The White & Case team in London which advised on the transaction was led by partner Ashley Ballard and included partners Steven Worthington, Emmie Jones, Colin Harley, Peita Menon, Tim Hickman, James Johnson, Nicholas Greenacre, Marc Israel, Jonathan Rogers and Laura Durrant, and associates Man Hay Yip, Christian Holbrook, Elizabeth Emerson and Rebecca Yourstone.
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