Electra Partners have agreed to buy Jersey head-quartered Ogier Group's fiduciary services business for £180 million.
The deal sees an £83 million equity investment, with debt being financed by HSBC, Lloyd's and RBS.
The deal is a vote of confidence in Ogier Fiduciary's management team and the offshore financial services business. It is expected that the investment will enable the management team to expand its overseas operations.
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