Zedra, a global provider of trust, corporate and fund services, has acquired the JP Integra Group (JP Integra).
JP Integra is a Cayman-based provider of fund, corporate and trustee services and assists international private, institutional and sovereign clients with structuring and operating structures for joint ventures, wealth management, asset protection and collective investments.
According to Zedra, the acquisition will increase its capabilities to provide the most appropriate structuring and administrative solutions to its international clients.
Zedra has an office and staff in Cayman, providing trust services which will complement the private funds, private equity, corporate management and private wealth services provided by JP Integra.
On completion of the transaction, JP Integra's operations will be rebranded and fully integrated within Zedra, and all members of staff from the two offices will form a singular team and presence on the island. ZEDRA and JP Integra operate on Pacific Fund System’s Paxus.
Peter Cockhill of JP Integra will be the managing director of the combined office and the directors of both Zedra and JP Integra will remain in their current roles.
The transaction is subject to regulatory approval and is expected to complete in H1 2019.
Niels Nielsen, Zedra group CEO, said: "We're delighted to announce the acquisition of JP Integra. This important acquisition represents a significant step forward in strengthening our capabilities and client service in Cayman.”
Ivo Hemelraad, group director of corporate, funds and legal at Zedra, commented: "JP Integra's award-winning team will enhance the scope of fund services that we're able to offer our clients.”
He added: “By complementing our already extensive in-house expertise and capabilities, we're looking forward to being able to add even greater value to the fund services Zedra can deliver today."
Peter Cockhill, CEO of JP Integra, said: "At JP Integra, we've always endeavoured to be a solutions-focused provider, offering bespoke services to clients.”
He added: “By joining Zedra we're able to maintain this approach and we'll be able to do even more for our clients; joining a team whose fund experience paired with our own is particularly appealing."
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