Moore Group Limited / IFG Trust and Corporate Group

Cavendish Corporate Finance LLP is pleased to announce that it has successfully advised on the sale of Moore Group Limited, a Jersey based fund administration business, to IFG Trust and Corporate Group. The transaction remains subject to regulatory approval from the Jersey Financial Services Commission.

Moore Group was established by Ian Moore in 1996 and enjoys a strong reputation and recognition within its industry. Moore provides fund management, fund administration and corporate services for institutional and corporate clients who need expert, individual attention and administers over US$17 billion of investments, including over US$4.8 billion of private equity funds.

IFG Trust and Corporate Group was itself acquired by its management team, backed by AnaCap Financial Partners, in July 2012, and this represents the first acquisition made under its new ownership. IFG has ambitious targets for growth and Ian Moore will continue to work as Executive Chairman of the fund administration business of the combined entity.

Ian Moore commented, “The Cavendish Team have been instrumental in delivering me a buyer which is a perfect fit for my business. This is a wonderful milestone in our history and I am delighted.”

Michael Jewell, Partner of Cavendish commented, “The deal is a great fit for both parties and illustrates the strong consolidation trend that is sweeping international fund administration. Bigger players continue to hunt for more specialist operators, which have particular skills sets and dedicated client bases, to bolster their revenues and expand their geographic and service offerings as well as benefit from economies of scale in areas such as technology infrastructure and compliance.

“In July 2015 we founded Pure Cremation and have grown the business to become the largest independent provider of prepaid plans in the UK. Pure is only part way through its exciting journey and, after a rigorous search process, we are delighted to have found such a strong partner in Epiris.

The finnCap Cavendish team, led by Jonathan Buxton and Ben Goldring, did a fantastic job, running a truly competitive process and managing the transaction with great skill. They were crucial in delivering this deal and its successful outcome – many thanks to the whole team.”

Bryan Powell and Catherine Powell, Co-Founders of Pure Cremation

“We are delighted to have achieved this result for the business that Daniel Freedman co-founded and found such a strong partner in the form of Lovell Minnick for the next stage of its growth. Howard and Ben were an excellent support throughout this process, and provided us with first class advice and guidance throughout.”

Elaine Freedman, shareholder of London & Capital

“We chose to partner with LMP because of the firm’s excellent track record of working with management teams to scale and enhance wealth and asset management firms. Their deep experience in the space and our sense of shared values and culture align with our focus on providing an exceptional service and experience for our clients.”

Guy McGlashan, Chief Executive Officer, London & Capital

“This partnership will enable us accelerate our global growth plans by investing in our people, technology, sales and marketing. I would like to thank the whole team at Cavendish for providing advice and guidance on this transformational transaction.”

Sean Fitzgerald, CEO, Sentenial

“This new partnership is a very exciting opportunity for Tempcover to both consolidate its existing position and provide a platform for further growth into new verticals and markets. Many thanks to Ben and the Cavendish team who provided invaluable advice throughout the process and helped us achieve this great outcome for the Company.”

Alan Inskip, CEO, Tempcover

We were delighted with our decision to engage with Cavendish to advise us on our plans to bring inward investment into the group. Duncan, James Ellis and James Baker brought such complementary skills to our internal deal team. They calmly helped us navigate through all stages of the process, due diligence and through to completion. They were a pleasure to work with and I’d highly recommended them

Steve Wilkie, Chairman and Co-Founder, the Responsible Group

“The Cavendish team led by Joe Stelzer and supported by Chirag Gohil did an outstanding job in identifying Begbies as a perfect home to drive our future growth. Cavendish negotiated an excellent deal and provided invaluable guidance to us through the process.”

Paul Appleton, Managing Partner at David Rubin & Partners

I am delighted that we have secured a new loan facility an that our three existing funders continue to support the business during this challenging period, demonstrating their confidence in Morses Club and our growth and digital diversification strategy.

Paul Smith, CEO, Morses Club PLC

Alan Inskip, CEO of Tempcover

“This is an exciting deal for our business. Baird Capital’s experience and resources will be invaluable as we seek to further enhance our services and global reach. Baird’s deep understanding of the financial services industry and its global network will be valuable as we look to drive our growth both domestically and abroad. Our improved capabilities will also help us better serve our institutional clients who now, more than ever, need excellent advice to help them in their search for yield and to protect their portfolios in today’s highly volatile markets.
We are building bfinance’s next phase of growth on very strong foundations, with our client base of blue-chip institutions and clearly differentiated advisory services winning an increasing number of adherents globally. When looking for an advisor we wanted someone with an international network and experience of working with Private Equity firms. Cavendish had the expertise to facilitate the transaction and the support they provided was invaluable.”

David Vafai, Founder and CEO of bfinance