Wed, Mar 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IFG Trust and Corporate Group to acquire Fund administrator Moore Group

Friday, November 16, 2012
Opalesque Industry Update - IFG Trust and Corporate Group announces its acquisition of Jersey-based Moore Group, setting the tone for future growth and investment.

This is the first acquisition since the group’s MBO in July this year when it separated from IFG Group PLC. Growth is one of the group’s main objectives and the purchase of the Moore Group (Moore) will significantly expand its existing Fund Administration business both in terms of product set and geographical reach especially in the Far East.

Moore was established by Ian Moore in 1996. Mr Moore will continue to work with the group and will assume the role of Executive Chairman.

IFG Trust and Corporate Group is currently undergoing a major rebrand to establish itself as a corporate service provider independent of the IFG name. It is due to unveil its new corporate identity shortly. The Moore brand enjoys a strong reputation and recognition within the fund industry and the markets it operates in. It is extremely complementary to the values of the company’s re-brand and will exist as a subset of the new brand, retaining its own name and trademark.

Ian Moore comments, “This is a wonderful milestone in our history. Culturally, it’s a perfect fit. IFG Trust and Corporate Group is an international player in the industry and I am very excited at the prospect of working together and becoming part of such an innovative multi-jurisdictional business”.

Declan Kenny, Chief Executive IFG Trust and Corporate Group further comments, “I could not be more pleased. Mergers and acquisitions are cited as vital in achieving growth and accessing new markets and we have ambitious targets in this respect. The Moore Group is an ideal addition to our organisation, well established and very well respected. This has been a very exciting year for our business and its employees and 2013 looks set to continue in the same vein.”

The transaction remains subject to regulatory approval.

(press release)

IFG Trust and Corporate Group provides Trust & Corporate services, Fund Administration and services to the leisure industry in multiple jurisdictions including Jersey, Isle of Man, Cyprus, Switzerland and ROI. Established in 1975, IFG was acquired by Management, backed by AnaCap Financial Partners in July 2012 and will rebrand shortly. www.ifgint.com

The Moore Group was established in Jersey in 1996 and provides Fund Administration, Fund Management and Corporate Services. The company manages and administers assets in excess of USD17bn and also has a presence in Tokyo and Bermuda. www.mooremanagement.com

Moore was advised by Cavendish Corporate Finance, Olswang, Mourants and KPMG.

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less