The merger is subject to regulatory approval. The newly created group, to be named PraxisIFM, will have combined revenues of over £23 million, more than $30 billion assets under administration and employ over 200 people in nine offices around the world, making PraxisIFM one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands.

The new group, PraxisIFM, will be able to significantly increase the range of products, services and jurisdictions offered to its clients. The group will have offices in Jersey, Guernsey, Switzerland, Malta, Luxembourg, South Africa, New Zealand, Mauritius and Dubai and representation in the UK.

The Appleby team was led by Wendy Benjamin, Partner and Appleby’s Corporate Practice Group Head in Jersey, who was supported by Jersey Senior Associate, Danny Cole. Kate Storey, Counsel, led the advice in Guernsey.

Commenting on the acquisition, Wendy Benjamin said: “We are pleased to have assisted IFM in the merger and believe that the combined group will continue to develop and grow.”

Twitter LinkedIn Email Save as PDF
More Deals
7 Dec 2022 | Deals

Appleby acts on Transfer of Utmost Limited’s Entire Book of Long-Term Insurance Business

Appleby has acted as lead counsel on the transfer of Utmost Limited’s entire book of long-term ins...

20 Sep 2022 | Deals

Appleby’s Jersey & Guernsey Office Support Kelsian Group and Tower Transit on Purchase of Channel Islands’ Bus Companies

Appleby acted as Jersey and Guernsey counsel, alongside Eversheds Sutherland, to Tower Transit which...

19 Jan 2022 | Deals

Appleby advises Suntera Global on acquisition of Nedgroup Trust

Leading Law Firm Appleby have advised Suntera Global on the acquisition of Nedgroup Trust.

9 Dec 2021 | Deals

Appleby advise TISE listed Atlantic Leaf Properties Limited on sale of its UK logistics portfolio

Leading offshore law firm Appleby acted as Jersey, Guernsey and Isle of Man counsel to TISE listed A...

29 Jul 2021 | Deals

Appleby advises PraxisIFM on sale of fund administration division to Sanne Group PLC

Leading Law Firm Appleby have advised PraxisIFM on the sale of their Fund Administration division to...

5 Jul 2018 | Deals

Appleby advises PraxisIFM Group on its acquisition of Nerine International Holdings Limited

Appleby Guernsey acted for long-term client PraxisIFM Group, in its acquisition of 100% of the issue...