Zedra Group announces partnership with Corsair Capital

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Zedra Group announces partnership with Corsair Capital

Zedra Group has announced that Corsair Capital, one of the longest-standing private equity firms focused on the financial services industry, has made a majority investment in the company.

Corsair has a long and successful track record of growing financial services firms across a diverse range of sectors, and its partnership with ZEDRA will support the firm's continued growth and global expansion.

Zedra's network covers 13 jurisdictions across 15 offices in Asia, Oceania, the Americas and Europe. Its team of nearly 500 industry experts creates and delivers bespoke trust, corporate and fund services solutions to clients, including high-net-worth individuals and their families, international corporations, institutional investors and entrepreneurs.  Under the terms of the agreement, Corsair will acquire the majority of the equity holdings from ZEDRA's current owners, the Nielsen and Sarikhani families.At the close of the transaction, which is expected in 2019, Bart Deconinck, currently group deputy chairman, will become group executive chairman.

'Milestone'

Deconinck said yesterday: "Corsair's investment and support is a strong endorsement of Zedra's differentiated value proposition, blue-chip client base, and long-term prospects. Since our acquisition of Barclays' offshore and onshore trust businesses a little over two years ago, Zedra has grown rapidly, building and strengthening our reputation for innovative and independent thinking."

Niels Nielsen, Zedra Group's CEO said, "I am tremendously proud of what we have achieved in the past three years and I am equally optimistic about the future of Zedra. Our new strategic partnership with Corsair creates opportunities for significant development, and Corsair's extensive knowledge and experience in the sector will be invaluable to the team and clients. This is a milestone for Zedra."

The deal remains provisional, pending full regulatory approval.

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.