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Estera has announced the acquisition of Headstart, a specialist corporate and trust services firm in Luxembourg. « The transaction paves the way for Estera’s expansion into Luxembourg, one of the world most important jurisdictions for funds and corporate services, whilst also broadening the company’s offering in corporate, fund and trust services », Farah Ballands, CEO of Estera, said.
What made Headstart a good fit for Estera?
This is a positive and exciting development for our business and is one that we have been carefully considering for some time. The similarities between Estera and Headstart were evident from the very beginning.
Headstart provides a full range of high-end specialist corporate and trust services to a diverse client base of private equity and real estate firms, institutional clients and high net worth individuals. Our team of dedicated, high-quality Luxembourg-based professionals bring a proactive, flexible approach to all aspects of the services we provide. This approach, coupled with our transparent cost structure, delivers the peace of mind our clients need.
Headstart has a corporate culture and commitment to client service that complements our own here at Estera. Our partnership will strengthen our existing corporate and trust service offering, while also expanding our jurisdictional reach into new markets. This means more choice for our clients and exciting new opportunities for our people.
What does this acquisition mean to your clients and those of Headstart?
While the Headstart brand and identity will change, our commitment to client care and service standards will not. Clients of Headstart can expect to receive the same high standard of service they always have from their existing client service team, albeit with access to the support of a multi-jurisdictional organisation.
For Estera, this transaction brings exciting new opportunities in a new market, Luxembourg. We are looking forward to offering our clients an even greater choice of jurisdictions, along with a wider breadth of corporate and trust services.
How will the collaboration between the different teams be organised?
At Estera we operate a one-team approach, working together across jurisdictions and time zones to deliver exceptional service to our clients. With our recent growth and M&A activity we have appointed a dedicated integration team, which will coordinate closely with each of the new offices involved in the recent acquisitions to agree an operating model that ensures that our employees and clients are well looked after.
What are your future plans as Headstart is integrated into the Estera group?
The fiduciary and funds industry is an evolving one, operating in a climate of change following Brexit, the US Presidential elections and ongoing pressures from a regulatory and compliance perspective. In light of this we are considering strategic opportunities to grow our business in response to the changing needs of an increasingly international client base. Jurisdictional reach and service line offering will be key to this and we look forward to working with the team at Headstart to build on the success they have already experienced Luxembourg.