Ocorian, a provider of administration, fiduciary and accounting services that re-branded from Bedell Trust in 2016, has agreed to acquire ABAX, a Mauritius-based advisory, corporate and business services firm, for an undisclosed sum.
The deal, anticipated to be wrapped up next month, will expand Ocorian’s service range and delivery capability to Africa, Asia and the Middle East.
Go deeper with GlobalData
On the other hand, the acquisition will offer ABAX clients access to Ocorian’s alternative investment, corporate and private client services across various locations including Channel Islands, Cayman Islands, Ireland, Luxembourg, Netherlands, Singapore, UK and US.
All 275 staff of the acquired entity will migrate to Ocorian as part of the deal, increasing Ocorian’s international headcount to over 700.
Ocorian CEO Nick Cawley said: “This transaction reflects the sustained expansion and diversification of Ocorian’s newly defined business and our commitment to growth in leading jurisdictions. It will further strengthen our position as a leading global financial services provider and give enhanced range and scope across both Africa and Asia.”
The latest deal comes shortly after Ocorian’s takeover of MAS International, a fund administration and corporate services provider based in Luxembourg and Mauritius.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
