Bedell Trust, the corporate and fiduciary services provider, has today announced a management buyout (MBO) of its business for an undisclosed sum.

The MBO is backed by Inflexion, an independent private equity firm, which has over 15 years’ experience of partnering with major businesses, including a number in the financial sector. The completion of the deal is subject to regulatory approvals.

Bedell Trust management will retain full operational control of the business.

The deal will result in additional funding which will enable Bedell Trust to accelerate its significant growth plans and to continue to pursue market opportunities as they occur. Last September, Bedell Trust acquired a majority stake in Singapore Trust Company (STC) as part of its strategic growth plan.

The company will focus and expand its services offering and continue to invest heavily in its people, teams, infrastructure and evolving technology with the support and backing from Inflexion.

Chief Executive Officer Nick Cawley, together with Michael Richardson as Executive Chairman, will continue to lead Bedell Trust through this development alongside the existing management team.

Bedell Trust Chief Executive Officer, Nick Cawley commented: “Bedell Trust has doubled in size over the last five years and given our strategic aspirations and pipeline of opportunities we feel it is the right time to drive our growth through this partnership with Inflexion.”

Advisers involved in the transaction included:

For Bedell Trust – Macfarlanes and Bedell Cristin (Legal), Wyvern (M&A), Alex Picot (Structuring, Tax), KPMG (Compliance Due Diligence), Cooper Gay (Insurance)

For Inflexion – KWM and Mourant Ozannes (Legal), Deloitte (Financial Due Diligence), Jardine Lloyd Thompson (Insurance)

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