Ocorian to acquire PFS-PAXUS user, ABAX, a market leading provider of global business services in Mauritius

Ocorian, a global provider of specialist financial services, announced today that it has entered into a definitive agreement to purchase ABAX, an integrated advisory, corporate and business services provider based in Mauritius. The acquisition will significantly extend Ocorian’s service range and delivery capability into Africa, Asia and the Middle East and swell its international team to 700+ staff – including additional representation in Côte d'Ivoire, Dubai, Mauritius, Singapore and South Africa. In turn, ABAX clients will now be able to access a much wider range of specialist alternative investment, corporate and private client services, across both onshore and offshore locations in Europe and North America, including: Channel Islands (Jersey and Guernsey), Cayman Islands, Ireland, Luxembourg, Netherlands, Singapore, UK and the USA. Expected to close before the end of March 2018, the transaction realises the next stage of an ambitious international growth strategy for Ocorian, following the management buyout and successful rebrand of Bedell Trust in 2016. All 275 staff currently employed by ABAX will join Ocorian. Read the full announcement here.