Press Release from Carey Olsen, Friday 5 September, 2025.
Carey Olsen’s Guernsey corporate team has advised privately owned financial services group Opera Group Limited (“Opera”) on its acquisition of Guernsey-based fiduciary and fund administration firm HFL Limited (“HFL Limited”).
The acquisition is subject to regulatory approval, after which Opera’s combined assets under administration will be more than US$37 billion.
HFL is Opera’s third acquisition, joining Oak Group and Amber Trust Ltd. under one portfolio. The acquisition is part of Project Overture, Opera’s five-year strategic plan to simplify work with smarter technology, deliver sustainable organic growth by increasing market visibility, and expand globally through targeted acquisitions.
Opera is majority backed by Pula, the family office of Steven Lansdown CBE, co-founder of Hargreaves Lansdown and like-minded shareholders including Sealyham Investments Ltd, family office of Tom Scott.
The Carey Olsen Guernsey corporate team acting as lead counsel to Opera. It was headed by partner Tom Carey and senior associate Melissa Wilkins who were assisted by counsel Julie Currie and Carly Parrott, and associates Kim Courtney and Tabitha Lepp.
Partner Tom Carey commented: “We were delighted to act for Opera in their acquisition of HFL, a highly regarded business in the market. The deal ideally positions Opera for its next phase of innovation and sustainable growth and demonstrates the strength of Guernsey as a jurisdiction of choice for fund administration, corporate and private client services. We look forward to supporting Kim Sgarlata and the team at Opera as they embark on their next stage of global expansion.”
The European Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing. The new laws ensure that people with a legitimate interest,
Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years, Goldman Sachs wrote in a note to clients. The cumulative net buying of Chinese equities
China’s commerce minister, Wang Wentao, has called for increased dialogue and cooperation between China and the United Kingdom (TADAWUL:4280) in areas such as sustainability, digital development,
As published on: thepaypers.com, Friday 22 November, 2024. The UK Foreign Office has declared that the government is firmly supporting the establishment of fully public registers. The remarks follow