Isle of Man News - POSTED Mon 09-10-2017

Equiom expands European presence with two new acquisitions

by LC

Equiom expands European presence with two new acquisitions

Over the course of one week, international professional services provider Equiom has completed two key acquisitions, strengthening its presence in Europe. The acquisition of DF Corporate Services Ltd, a licenced trustee and fiduciary company based in Malta was completed on 26 September and Carey Group Monaco, a trust and fiduciary business, was completed on 28 September.

DF Corporate Services Ltd offers corporate services, including company formation, trust, fiduciary and support functions such as back office and accountancy to clients globally from its offices in Malta. Carey Group Monaco, led by Stephane Postifferi, provides a range of services including trust administration, family office services, private wealth planning and administration.

Equiom’s Global Chief Executive Officer Sheila Dean commented: ‘Completing two deals within two days of each other is a tremendous achievement. It has been extremely challenging, however our acquisition team has really gone the extra mile to make these transactions happen. I want to give a particular mention to our Head of M&A – Europe, Nick Evans, who worked tirelessly to bring these two exciting opportunities to a conclusion. Both acquisitions will make excellent additions to Equiom, allowing us to develop our current service offering and expand our presence in Europe. The team at DF Corporate Services brings a suite of complementary services to our existing Maltese business, while Carey Group provides Equiom entry into a key jurisdiction and allows us to leverage further our market-leading yachting proposition. I am pleased to welcome both teams to the Equiom family; the client-centric service ethos and cultural compatibility complements Equiom perfectly and will enable us to raise the bar in terms of the service we offer to clients. I thank our equity partners LDC and our legal advisers Gowling WLG for their valued input and support throughout the process.’

Dr. Edward Saliba, Managing Director of DF Corporate Services Ltd said: ‘Joining Equiom is a positive move for DF Corporate Services. We have always sought to provide clients with a high-quality and efficient service and with the backing of a larger team with an international platform, we will now be able to give clients a greater depth of resource and delivery capability. I am confident that DF Corporate Services’ expertise together with Equiom’s experience and background in providing a range of professional services to a global market will form a perfect fit. I look forward to sharing new ideas and working to create a superior customer experience as part of the Equiom team.’

Stephane Postifferi, Managing Director of Carey Group Monaco added: ‘Becoming part of Equiom gives us access to a truly global platform and wide-ranging expertise, particularly in yachting and aviation. I am pleased to be joining a group whose values are so closely aligned to ours and I look forward to working with Sheila and her global team. We remain fully committed to our clients and providing the same first-rate standard of service they have grown to expect.’

The seven staff from DF Corporate Services Ltd will join Equiom Malta staff in a new office towards the end of the year. A total of 20 staff from Carey Group Monaco will join Equiom with immediate effect and the business will continue to operate from its Monaco location. The rebrand to Equiom will complete in the coming weeks.

For more information visit www.equiomgroup.com.

Photo - Sheila Dean, Global Chief Executive Officer of Equiom Group.

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