Sovereign backs the MBO of private client trust and corporate services provider Aquitaine and its first two acquisitions Read more

  • Status: Current
  • Date: 2021
  • Sector:
    • Financial Services & Insurance
  • Buy & Build: 2

www.aquitainetrust.com

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Aquitaine

Aquitaine is a successful specialist private client trust and corporate services provider. Sovereign partnered the management team to complete an MBO and expand Aquitaine’s range of services and geographical footprint through a strategy of Buy & Build.

AQUITAINE

Established in 2008 and based in Guernsey, Aquitaine quickly established itself as a high-quality provider of specialist private client trust and corporate services. Sovereign built a relationship with the management team and was keen to partner them to scale the business and further develop its international services offering - the MBO of the business was agreed.

VALUE CREATION TO DATE

  • Andrew Fisher, formerly CEO of Coutts & Co and CEO of Towry Group, was appointed non-executive chair at investment
  • CFO, Derek Vaz, highly experienced in the trust and corporate services sector, was appointed at the time of the MBO
  • Buy & Build: 2 strategic follow-on acquisitions - Summit Trust and Federal Trust

THE STORY SO FAR

Aquitaine provides private client trust services including estate planning and wealth management structures, together with corporate fiduciary services. Soon after Sovereign’s investment, two strategic high-quality businesses joined the Group, significantly increasing its jurisdictional capabilities and more than doubling its staff:

Federal Trust (www.federalguernsey.com), a long-established service provider also based in Guernsey, further consolidates Aquitaine’s position in the Channel Islands.

Summit Trust (www.summittrustgroup.com) brings greater opportunities for the Group in serving clients who seek a Swiss or Cayman Islands based trustee and corporate service provider.

Sovereign is working with the management team to further develop and grow the business through a strategy of Buy & Build


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THE FOUNDER'S PERSPECTIVE

Sovereign is a very supportive partner that shares our ambitions for the business. With their continued investment and sector expertise, we believe there are real opportunities to develop the Group to meet our broader strategic aims…with the addition of Federal and Summit, we look forward to bringing our clients even greater breadth and depth of service.

Adrian Pickering / Co-founder & CEO / Aquitaine