Jersey-based trust company Consortia is to be acquired by Guernsey-based investment vehicle the Financial Services Opportunities Investment Fund (FSOIF).
FSOIF, launched by Ravenscroft in October 2016, has agreed terms to acquire 100 per cent of the issued share capital of Consortia Partnership and its wholly owned subsidiary companies for an undisclosed sum.
The deal, which is subject to approval from the Jersey Financial Services Commission, follows FSOIF’s acquisition of a 20 per cent stake in Enhance Group and a five per cent interest in Corvid Holdings.
Established in 2004 by founding directors Michael Farrow, Christopher McFadyen, Nicholas Landor and Tim Scott Warren, Consortia is a mid-sized trust company providing tailored fiduciary, fund and corporate services to clients across the globe.
It offers a range of services to high-net-worth individuals. For institutional and corporate clients, Consortia administers a range of structures, including employee ownership plans and employment benefit trusts, as well as providing directors and non-executive directors for private and publicly listed trading and investment structures.
Consortia also provides managed trust company and family office services. It is licensed by the Jersey Financial Services Commission to provide fund services.