Mishcon de Reya has advised an independent investor group led by the Sarikhani and Nielsen families on its purchase of Barclays' trust and fiduciary business. The deal was agreed in June 2015 and completed in January 2016 with the parties having obtained regulatory approvals in a number of international jurisdictions. Barclays will retain a minority stake in the business, which has been renamed ZEDRA.
ZEDRA will operate as an independent, global specialist in trust, fiduciary, corporate and fund services. Based in offices across seven key jurisdictions, its 300–strong team of industry experts is dedicated to creating and delivering bespoke solutions for clients.
The Mishcon de Reya team was led by Partner Michael Nouril and Associate Will Lee, with assistance from Corporate Partner Adam Rose, Tax Partner John Skoulding and Tax Associate Sarah Howes.