September 27, 2022

Zedra acquires Cayman-based JP Integra

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By Gary Robinson From International Investment

Zedra has acquired Cayman-based trust services company JPIntegra Group as its global expansion plans continue.

Zedra – announced today its plans to purchase JP Integra – a Cayman-based provider of fund, corporate and trustee services as part of its ongoing global acquisition spree, with the deal expected to complete mid 2019, subject to regulatory approval.

In statement, Zedra said that it felt that JP Integra – which currently has assets under administration in excess of $6bn – has particular expertise in assisting international private, institutional and sovereign clients with all aspects of structuring and operating structures for joint ventures, wealth management, asset protection and collective investments.

Zedra already has an established office and staff in Cayman providing trust services, which will complement the private funds, private equity, corporate management and private wealth services provided by JP Integra. On completion of the transaction JP Integra’s operations will be rebranded and fully integrated within ZEDRA, and all members of staff from the two offices will form a singular team and presence on the island, the company said.

Both companies operate on PFS-Paxus as a fund platform, making the move eaiser. Peter Cockhill of JP Integra will be the managing director of the combined office and the directors of both Zedra and JP Integra will remain in their current roles.

Niels Nielsen, Zedra Group CEO, called the acquisition of JP Integra “a significant step forward” as the company bids to strengthen its capabilities and client service in Cayman.

Peter Cockhill, CEO of JP Integra, said “At JP Integra, we’ve always endeavoured to be a solutions-focused provider, offering bespoke services to clients.  By joining Zedra we’re able to maintain this approach and we’ll be able to do even more for our clients; joining a team whose fund experience paired with our own is particularly appealing.

Zedra recently announced that Corsair Capital LLP, one of the longest-standing private equity firms focused on the financial services industry, has made a majority investment in Zedra. Corsair’s partnership will support Zedra’s continued growth and expansion. The transaction is subject to regulatory approval and is expected to complete in 2019.

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