Ocorian has acquired Emphasys Technologies, a US-based service provider to the capital markets sector, specialising in tax reporting and calculation agency services to asset-backed transactions.
The deal, which was agreed on 4 March, is expected to complete later this month.
Emphasys Technologies was founded in 1988 by Jeff Stone. The acquisition marks Ocorian’s entry into the US and will provide a foundation for the development of the group’s capital markets services suite in the country.
Frederik van Tuyll (pictured), Chairman and CEO at Ocorian, said: “The acquisition of is hugely significant for us as it gives us presence in the US, which is one of our strategic priorities.“
The Emphasys business will continue to be led by Jeff Stone and David Anthony.
Eversheds and White & Case acted as legal counsel for Ocorian, with Grant Thornton as financial and tax due diligence adviser. For Emphasys Technologies, Spector Gadon Rosen Vinci acted as legal counsel, with KPMG advising on financial and tax matters.