Ogier Group splits into Ogier Legal and Ogier Fiduciary in MBO.
Ogier Group has agreed a management buyout of their fiduciary arm which has well-known individuals within it that include Phil Le Cornu. Electra Partners has agreed to invest ¬£83 million of equity in the ¬£180 million transaction, with completion subject to the usual regulatory approvals. The two businesses ‚Äì Ogier Fiduciary Services and Ogier Legal ‚Äì will continue a close relationship, initially sharing offices and facilities, and the Ogier Fiduciary Services continuing to use the Ogier brand short term with Paul Willing being CEO of Ogier Fiduciary Services. Ogier Legal will continue to provide its legal services from its global offices, led by Nick Kershaw as before. Both businesses will continue to offer private client, wealth and trust services.