Ensors are pleased to announce the completion of a deal that saw the sale of Barclays’ trust and fiduciary business to an independent investor group (led by the Sarikhani and Nielsen families) called ZEDRA.
The Ensors team, led by Corporate Finance & Forensics partner Fiona Hotston Moore, provided financial due diligence and lead advisory to the purchasers and worked closely with them throughout the deal securing completion in January 2016. Regulatory approval in a number of international jurisdictions had to be obtained that led to the protracted completion, the original deal having been agreed in June 2015.
Under Barclays’ ownership ZEDRA established a 50-year history with over 300 staff in core locations across the globe. Over the next five years the new team aim to double the size of business with ambitious growth plans under the guidance of a strong and experienced board of directors.
Niels Nielsen, ZEDRA’s Group Chief Executive Officer, commented “ Fiona and the Ensors team pulled out all the stops to deliver the financial due diligence report to a tight timetable and to provide commercial support from the initial discussions through to the successful signing of the contracts.”
Click here for further information.
