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Dunedin backed Hawksford in global expansion with second strategic acquisition

Dunedin-backed Hawksford is now the largest independent trust company in Jersey following its acquisition of Trustcorp Jersey Limited (Trustcorp), a Jersey based trust and corporate services provider.

This is the eleventh acquisition made by a Dunedin backed business in the last twelve months and is a prime example of Dunedin’s buy and build strategy of backing businesses with international growth opportunities.

The acquisition forms a significant part of the company’s growth strategy and follows recent expansion into the Middle East and Switzerland. Hawksford opened its Dubai office in June 2011 and acquired L-S&S GmbH, a Zurich boutique private wealth law firm, in August 2011. The acquisition of Trustcorp will boost Hawksford’s capacity and increase headcount by 30, to over 150 staff.

Dunedin Managing Director Shaun Middleton (pictured), who sits on Hawksford’s board, says: “Dunedin is focused on driving growth through international expansion. This is being achieved through pursuing an active buy and build strategy and by strengthening Hawksford’s geographic footprint.”

Dunedin’s Middleton and Oli Bevan worked with the Hawksford team on the acquisitions.

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