Global financial services provider Ocorian has entered into a definitive agreement to purchase Capco Trust, an independent Jersey-based private client and corporate services business.
According to Ocorian, the acquisition expands its service capabilities to include expertise in all aspects of international maritime structuring. In turn, Capco’s clients will benefit from specialist financial services across more jurisdictions.
Expected to close before the end of January, all 29 staff from Capco will join Ocorian.
Deloitte and Bedell Cristin acted as advisers to Ocorian in the transaction. Capco was advised by Wyvern and Carey Olsen.
Financial terms of the transaction have not been disclosed.