View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 3, 2022

Canada’s BCI agrees to invest in UK’s ZEDRA

Canada-based British Columbia Investment Management (BCI) has agreed to make a strategic investment in the UK-based specialist fund service provider ZEDRA.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The investment will be made in partnership with Zedra’s management team and its existing investor Corsair, who will remain the majority shareholder.

Financial terms of the deal were not disclosed.

Established in 2016, ZEDRA tailored solutions are designed to protect the value of clients’ assets and support businesses growth.

The company’s customer base includes high-net-worth (HNW) individuals, entrepreneurs and families as well as multi-national companies, corporate pension schemes, asset managers and their investors.

ZEDRA executive chairman Bart Deconinck said: “We are excited to partner with BCI, who brings significant resources and expertise, and will enable us to continue building on the significant accomplishments we have achieved with Corsair’s strong support.

“As ZEDRA enters an exciting new stage of our growth story, we look forward to enhancing our offerings and providing best-in-class services to meet our clients’ continually evolving needs.”

BCI Private Equity global head Jim Pittman noted that the corporate services and fund solutions sector is a core area of focus for BCI.

The investment in ZEDRA will generate ‘attractive returns’ for BCI’s pension plan and insurance fund clients, according to Pittman.

He said: “We are impressed by the strong business and market position built by Bart, Ivo and the ZEDRA team, and we are excited to partner with Corsair to build on this success through organic and inorganic growth opportunities for ongoing expansion. “

In March 2021, Zedra bought BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg.

In September, the firm opened an office in Liechtenstein to provide active wealth services to its expanding client base in Europe.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International