Suntera Global has bought Carey Commercial Limited (Carey), amid plans to "broaden its service offering and augment its international fund administration capability".
Carey has provided a range of professional, administrative and accounting services to clients around the globe for more than 45 years. It currently employs 80 staff.
David Hudson, Group CEO, Suntera Global, said it's a good fit for Suntera's plans.
"The addition of Carey, a high-quality business with an impressive, closely aligned team and a strong track record across all three divisions, to our strategically important and fast-growing Guernsey business is a great milestone.
"This acquisition forms part of our ongoing strategy of continuously developing our offering and capability to further enhance the services offered to our clients in each of our tier one jurisdictions."
Jim Gilligan, Managing Director, Carey, said his team are looking forward to the move.
‘‘We are excited to be joining Suntera Global and the opportunity to continue our growth journey by being part of a successful global business which provides a wider range of services and jurisdictions to our clients.
"The culture of Suntera has been evident through our discussions and it was key for Carey to be part of a group with an aligned culture. Suntera is also fully committed to high environmental, social and governance (ESG) standards, as are we, as well as adhering to the same ethics and responsible practices, which is the cornerstone of Carey.
"We look forward to working with David and the wider Suntera team."
This transaction is subject to regulatory approval.
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