Corsair Capital completes investment in Zedra

Posted: 07/01/2020

Bart_Deconinick_BL64Zedra and private equity specialist Corsair Capital have announced the close of Corsair’s majority investment in Zedra Group. The transaction, first announced in November 2018, has been approved by all relevant regulatory authorities.

Following the close of the transaction, Bart Deconinck, who co-founded Zedra four years ago, has been appointed Group Executive Chairman. In addition, Ivo Hemelraad, formerly Zedra Group Director Corporate Funds & Legal, will assume the role of Group Chief Executive Officer.

Raja Hadji-Touma and Derrick Estes, Managing Directors at Corsair Capital, said: “We look forward to partnering with a management team, led by Bart Deconinck, with a proven track record of building leading companies in the sector. We believe our investment and financial services expertise, along with the global network, will help support continued rapid growth at Zedra.”

Over the past 12 months, Zedra has made a number of acquisitions, creating a 16-office network covering 13 jurisdictions. As the company integrates these acquisitions into the group, it continues to deliver trust, corporate and fund services solutions for clients including high-net-worth individuals and their families, international corporations, institutional investors and entrepreneurs.

Bart Deconinck (pictured) commented: “Today marks the start of the next stage of Zedra‘s growth plans. Powered by a combination of the resources and expertise of Corsair, together with Zedra’s experience in the sector, we are looking forward to a period of expansion in the range of services we offer clients.

"The acquisitions we have made over the past year expand our footprint across Switzerland, the Nordic countries, Cayman and offshore UK jurisdictions, bringing additional clients and staff into the Zedra family.”

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