Collas Crill advised JTC Group on its acquisition of Anson Fund Managers Limited (AFML) based in Guernsey, having advised earlier in the year on acquisitions of Ardel Fund Services and Ardel Trust Company (Switzerland) SA.
AFML represents £11.5 billion in funds under administration, specialises in providing a wide range of support services to companies and funds. Its clients include trading companies, open ended and closed ended funds and unit trusts, investment companies and limited partnerships, many of which are listed on stock exchanges such as the London Stock Exchange, Euronext and AIM.
Nigel Le Quesne, Group CEO and Chairman of JTC Group, said: “Having identified Guernsey as an area of growth in the funds sector, we are delighted to have the opportunity to take on the AFML business which follows our acquisition of Ardel Fund Services in April this year. AFML is a first rate company which already has a high calibre portfolio of clients and has earned high levels of client satisfaction. With its focus devoted entirely to providing fund and corporate services and a strong presence in Guernsey, AFML is an ideal fit as part of our continuing growth strategy of becoming a leading provider of fund administration services in key locations worldwide.”
Collas Crill’s legal team was led by Wayne Atkinson of Collas Crill’s Guernsey office working with Sean Cheong and Kit Hobbs.
Wayne Atkinson stated: “We are delighted to again work with JTC to assist in their continued growth. This transaction shows that investors recognise that Guernsey continues to be a funds domicile of international significance and one that is the home of internationally recognised service providers. Our continuing work with JTC is an example of the strong relationships Collas Crill aims to build with its clients over the long term. This allows us to understand their businesses and provide a tailored, efficient service that meets their needs.”
Category: Finance & Business