In the first of the post-summer deal announcements in the fiduciary space, LDC has announced that it is to support a second MBO of Equiom Limited, a Manx-headquartered trust company.
In addition to its core trustee and company services, which account for 70 per cent of its business, Equiom operates niche business lines including Yachting, Aviation & e-Gaming.
Equiom traces its roots back over 30 years, having started as the fiduciary business of Ernst & Young, before being acquired by Anglo Irish Bank in 2002. In 2006, the company was subject to an MBO, led by existing Group Managing Director Sheila Dean, in a transaction backed by Isis Equity Partners.
Since then Equiom has completed a number of successful acquisitions including Intertrust’s Isle of Man Yachting and Aviation business in January 2011, Jersey-based Andium Trust in October 2012 and City Trust, an Isle of Man independent corporate and trust service provider, in April 2013.
