ARC Group today announced that it is in advanced negotiations with an affiliate of the Labatt family, on a corporate transaction that will enable ARC to expand its activities in Europe and also establish operations in the Caribbean and North America. Subject to regulatory and other approvals, ARC Group will become a subsidiary of the purchaser, with senior ARC employees retaining a significant equity interest.
ARC was founded in 1995 and currently employs around 50 staff across Guernsey and Jersey in investment research and investment consulting activities. Graham Harrison, cofounder and Group Managing Director of ARC said “This represents an extremely exciting development for ARC, providing a secure capital base to underpin our ambitious expansion plans without compromising our independence, which we know is essential for our clients.”
Arthur Labatt, who co-founded Trimark, the Canadian mutual fund company, and won the Morningstar Canadian Investment Awards’ 2012 Career Achievement Award, said “Having personally witnessed the quality of the ARC investment consulting offering over the last ten years, I am absolutely delighted to be able to help ARC expand its services into the North American market. Wealthy families on both sides of the Atlantic desperately need the independent advice and practical guidance on their investment affairs that ARC consistently delivers.”
With the ARC Private Client Indices reaching their 10th anniversary in December 2013 and the ARC Charity Indices gaining ever greater recognition, ARC is now in a strong position from which to expand its investment reporting and consulting capabilities to meet growing demand from trustees, private clients and their advisers seeking to place investment performance into peer group context and to identify the best discretionary investment managers for their particular circumstances.