Ian Moore, owner of Moore Group Limited, a Jersey based fund administration business, announces the sale of the company to IFG Trust and Corporate Group. Financial terms of the transaction have not been disclosed.
Moore Group was established by Ian Moore in 1996 and enjoys a strong reputation and recognition within its industry. Moore provides fund management, fund administration and corporate services for institutional and corporate clients who need expert, individual attention and administers over US$17 billion of investments, including over US$4.8 billion of private equity funds.
FG Trust and Corporate Group was itself acquired by its management team, backed by AnaCap Financial Partners, in July 2012, and this represents the first acquisition made under its new ownership. IFG has ambitious targets for growth and Ian Moore will continue to work as Executive Chairman of the fund administration business of the combined entity.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Ian Moore, owner of Moore Group, commented, “The team has been instrumental in delivering me a buyer which is a perfect fit for my business.”
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.