Bedell said the “additional funding” will enable the firm to “accelerate its significant growth plans” in international markets over the next five years, although it will retain full operational control of the business.
Nick Cawley, chief executive of Bedell, said: “Bedell Trust has doubled in size over the last five years and given our strategic aspirations and pipeline of opportunities we feel it is the right time to drive our growth through this partnership with Inflexion.”
Florencia Kassai, a partner at Inflexion believes the collaboration will be key to the company becoming a “leading player” in the trust and fund industry across the Channel Islands.
She said: “Leveraging on Inflexion’s sector expertise, capital and ambition to accelerate its expansion, we see Bedell Trust emerging as the leading player in the trust and fund administration sector in the Channel Islands.”
The independent trust company, which also has offices in London, Guernsey, Dublin and Mauritius, completed its purchase of Singaporean fidicuary and corporate services business STC in September last year.
At the time of the acquisition, the trust’s executive chairman Michael Richardson said the firm’s international clients increasingly required services within the Asian time zone.
Bedell Trust sits alongside law firm Bedell Cristin to make up parent company Bedell Group which opened an office in Luxembourg earlier this year in a bid to expand its European presence.