Ogier, the only law firm with offices in Guernsey and Luxembourg, has advised the sellers on the Guernsey and Luxembourg legal aspects of the sale of the Gentoo Group (Gentoo) to the TMF Group (TMF).
Gentoo, a leading Guernsey and Luxembourg-based provider of fund, corporate and trust administration services, was established in 2011 and backed by Disruptive Capital to undertake the spin-out of the former SG Hambros corporate trust business. Gentoo has grown its assets under administration to over $15 billion. TMF is a leading provider of high value business services operating and investing globally.
Edmund Truell, founder of Disruptive Capital, said: “We have been very pleased with Gentoo’s progress. Christine Whitehorne, Nick Degnen, Mark Hooton and the team have much to be proud of in their achievements, based on the sound principle of providing excellent service to their clients. Indeed, in our 24 year private equity investment history, we have had few investments be as reliably successful as Gentoo, producing a significant return on our investment.”
Christine Whitehorne, co-founder of Gentoo, said: “Disruptive have supported us all the way from inception to the final sale. We have built up the Gentoo team, with whom we have worked hard to create five years of strong trading growth, based on providing the highest quality service to our clients. We will now be able to return capital to our backers, whilst at the same time ensuring a robust and stable business going forward.”
Ogier Guernsey partner Bryon Rees and senior associate Michelle Watson Bunn led the Ogier team and advised on Guernsey law, working with Ogier Luxembourg partner, Daniel Richards, and managing associate Nicholas Mille.
Ogier worked with lead counsel Weil, Gotshal & Manges LLP.
Bryon said: "Having assisted on the establishment of Gentoo, and having worked with the Gentoo and Disruptive teams for many years, it is great to see the success Gentoo has become and we wish them all the best as TMF Guernsey."
Ogier has a long-standing relationship with Disruptive - earlier in the summer, Bryon and Michelle led the Ogier team that advised the Secondary Disruptive Fund, a closed-ended registered Guernsey collective investment scheme, on its final close.