Zedra, a global specialist in Active Wealth, Corporate and Global Expansion, Funds, has announced the successful close of a strategic minority investment from British Columbia Investment Management Corporation, one of Canada’s largest institutional investors.
This investment, which was announced in March 2022, has been approved by all relevant authorities. Corsair, the Company’s existing majority investor, will remain the lead shareholder following the transaction.
This new investment will not affect the ongoing operations of Zedra whose management team will continue to hold a significant shareholding in the company.
Founded in 2016, Zedra is one of the fastest growing global specialists in trust, fiduciary, corporate and fund services delivering a tailored and diversified range of wealth, governance and administrative solutions to clients who include high net worth individuals and families, multi-national companies of all sizes, corporate pension schemes as well as alternative investment managers. With this additional investment, and the continued support of Corsair, Zedra is better positioned to further expand its global footprint and enhance its offerings to clients.
Bart Deconinck (pictured), Executive Chairman at Zedra, said: “We are excited to officially bring on board BCI as an investor to support and accelerate Zedra’s plans for global sustainable growth. The senior management teams across Zedra, Corsair and BCI have a shared vision for the future of the Company, and we feel strongly that this partnership will further our ability to provide unparalleled, high-quality service to our clients’ evolving needs.”
Raja Hadji-Touma, Partner at Corsair, said: “We are delighted to announce the close of this transaction and formally welcome BCI as an investor in Zedra. As majority shareholder since 2020, we are proud of the work we have accomplished in supporting the rapid growth of the Company and believe the successful closing of this strategic investment speaks to Corsair’s unique ability to operate and execute within highly regulated industries.”
Jim Pittman, Executive Vice President & Global Head, Private Equity at BCI, said: “Zedra has successfully built a strong, global franchise in recent years. We continue to be impressed with the business’ growth and approach to expansion through numerous strategic acquisitions. As we expand BCI’s presence across Europe, we see the completion of this investment as a significant milestone. The corporate services, active wealth, pensions and fund solutions sector remains a core area of focus for BCI, and we look forward to generating attractive returns for our pension plan and insurance fund clients through this investment.”
