© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Praxisifm Acquires Nerine
Posted 27th June 2018

Praxisifm Acquires Nerine

It is the fourth acquisition in two years for the Channel Islands-based Group which has seen it grow from employing 300 staff in the summer of 2017 to 520 following completion of the acquisition.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Praxisifm Acquires Nerine
Image

Praxisifm Acquires Nerine

It is the fourth acquisition in two years for the Channel Islands-based Group which has seen it grow from employing 300 staff in the summer of 2017 to 520 following completion of the acquisition.

 

Nerine Trust was established in 1997 and provides private client & corporate administration services to an international client base. The majority of its 92 staff are employed in Guernsey.

 

PraxisIFM’s Chief Executive Officer, Simon Thornton, said the deal would bring together like-minded teams. ‘In a world where so many of our competitors are owned by private equity houses or large institutions our continued independence and majority staff ownership model is highly valued,’ said Dr Thornton. ‘We have known the team at Nerine for many years and we’re delighted they’re joining us. Nerine will take our international office network to 15 and increase the depth of our client service offering.’

 

Nerine Executive Chairman, Keith Corbin, said that joining the PraxisIFM Group would bring benefits to staff and clients. ‘Nerine’s business has been built on long-term relationships with our clients and their professional advisors and our staff. PraxisIFM has the same approach to its business which was a key factor in our decision to join the PraxisIFM Group.

 

‘We are now in a highly competitive and highly regulated industry and we strongly believe that being part of a larger and more diverse group will enable us to retain our much-valued independence.’

 

‘PraxisIFM and Nerine share critical core values and we’re delighted to be joining its family. Our staff will benefit from greater training and development opportunities while our clients will have access to a broader range of services. All of this while remaining independent represents a great opportunity and we are excited about the potential.’

 

The Nerine management team has committed to staying with the Group for a minimum of three years.

 

PraxisIFM was advised by law firm Appleby while Mourant acted on behalf of Nerine. The acquisition is subject to regulatory approval.


Website: www.praxisifm.com

 

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Great Canadian Gaming’s Acquisition of Casino New Brunswick
M&A
28/05/2015Great Canadian Gaming’s Acquisition of Casino New Brunswick

Great Canadian Gaming's Acquisition of Casino New Brunswick

Read Full PostRead - Eye Icon
Bohai Leasing Completes Acquisition of Avolon Holdings, Ltd
Finance
11/01/2016Bohai Leasing Completes Acquisition of Avolon Holdings, Ltd

Bohai Leasing (“Bohai”) announces the completion of its acquisition of Avolon Holdings, the international aircraft leasing company.

Read Full PostRead - Eye Icon
Fried Frank Harris Shriver & Jacobson LLP Advise Hormel Foods’s acquisition of Applegate
Finance
15/07/2015Fried Frank Harris Shriver & Jacobson LLP Advise Hormel Foods’s acquisition of Applegate

Fried Frank Harris Shriver & Jacobson LLP Advise Hormel Foods's acquisition of Applegate (Hormel’s largest deal $775 million)

Read Full PostRead - Eye Icon
Quindell Plc Shares Suspended
Finance
29/06/2015Quindell Plc Shares Suspended

Shares in Insurance firm suspended after U.K Financial Conduct Authority confirms investigation.

Read Full PostRead - Eye Icon
451 Research Identifies Nearly 300 M&A and IPO Candidates in its Annual 2016 Tech M&A Outlook
Innovation
25/02/2016451 Research Identifies Nearly 300 M&A and IPO Candidates in its Annual 2016 Tech M&A Outlook

According to 451 Research’s recently published Tech M&A Outlook 2016, acquirers will spend hundreds of billions of dollars on tech acquisitions in the coming year to adapt to a rapidly changing marketplace with notable hotspots in information security, IoT a

Read Full PostRead - Eye Icon
In Debt for the First Time – How Your Business Needs to Treat the New Wave of Debtors
Finance
09/12/2022In Debt for the First Time – How Your Business Needs to Treat the New Wave of Debtors

As interest rates are hiked by ratios not seen in decades, the fallout from slowing economies across the world is likely to hit middle income earners as much, or more, as those on lower incomes. While those at the poorest ends of society are well-versed in bei

Read Full PostRead - Eye Icon
Microsemi Successfully Completes Acquisition of Vitesse
Finance
30/04/2015Microsemi Successfully Completes Acquisition of Vitesse

Microsemi Corporation, a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Vitesse Semiconductor Corporation jointly announced today that Microsemi's wholly-owned subsidiary LLIU100 Acquisition Corp

Read Full PostRead - Eye Icon
YFM Equity Partners announces £60m first close of its Buy-Out Fund II
Finance
12/06/2019YFM Equity Partners announces £60m first close of its Buy-Out Fund II

YFM Equity Partners (YFM) announces the first close of its Buy-Out-Fund II with £60m of investment committed. This follows the £45m raised for its Buy-Out Fund I, which had a final close in April 2017. Only two years later, and following the recent investmen

Read Full PostRead - Eye Icon
AEREON Acquires Abutec
M&A
13/06/2016AEREON Acquires Abutec

AEREON today announced the acquisition of select assets of Abutec including the Abutec brand.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow