Global trust and corporate services provider Vistra has announced the acquisition of Bristol-based Jordans Group from its current shareholder, The West of England Trust Limited.
As a result of the deal, announced in a joint statement by the companies, Vistra’s UK proposition has immediately doubled in size. The deal is the latest in a series of global acquisitions by Vistra in 2016.
As reported, the firm has rebranded and added Guernsey’s Orangefield, Intro International in Singapore India’s IL&FS Trust Company Ltd; Reading, England-based Nortons Group; and a Zurich-based family office and consultant company, globalOne.
Just last month Vistra also acquired and rebranded Ujwal Management Services Private Ltd, an international business services provider based in Bangalore, India.
Founded in 1863, Jordans comprises of four companies; Jordans Limited, Jordans (Scotland) Limited, Jordans Corporate Law Limited and Jordans Trust Company Limited. Its headquarters are located in Bristol in the UK, where most of the company’s 160 global staff are based.
Jordans also has offices Edinburgh and London, as well as in the British Virgin Islands, Cyprus, Seychelles, and Hong Kong.
Jonathan Clifton, group managing director, company formation at Vistra, said in a statement announcing the deal, that that the company has “admired the Jordans business” for many years.
UK team doubled
“This not only facilitates the further expansion of our services, but also sees our UK footprint grow as our team doubles in size,” he said. Richard Templeton, chairman of The West of England Trust Limited, called the deal “an exciting development” and a “milestone” for the Jordans Group.
Vistra is ranked in the top four corporate service providers globally, across company formations to trust, fiduciary and fund administration services and employs over 2,500 employees in 64 offices across 41 jurisdictions.