24 Mar 2011
Vistra has decided to merge with the Offshore Incorporations group of companies. This combination is possible after Vistra’s main shareholder, IK Investment Partners, announced that it has acquired the largest established company formation specialist in Asia.
The Offshore Incorporations group today comprises three specialist entities: the Asian company formation specialist, OIL; a corporate services firms in Asia, Acceptor; and trust and fiduciary service firm Credence Trust. The intention is to integrate Acceptor and Credence Trust with Vistra under the Vistra brand. OIL will continue to operate independently.
The combined company will be able to leverage the strengths of the respective firms to enhance the product and services offering to our existing and future customers. In addition the combined company will benefit from favourable long term growth characteristics such as Asian GDP growth, foreign direct investment flows to and from Asia, acceleration of Asian HNWI growth and an increase in M&A activity.
The merger will also offer an opportunity to expand our footprint in mainland China and into new selected geographies such as the Americas, Indonesia and India. Vistra’s strong product knowledge of cross border structuring, wealth protection and fund administration as well as our European network will be made available to the Asian customer base of the Offshore Incorporations group, while our customers will be able to benefit from our new partners’ network in Asia and knowledge of Asian based products.
In the new organisation, Martin Crawford, currently CEO of the Offshore Incorporations group, will become the new CEO of the combined business working in close co-operation with myself who will become Executive Chairman of the Board of the combined group.
I am personally very excited about this envisaged union of two successful companies creating a truly global service provider with substantial scale. The combination allows us to bridge Europe and Asia for clients requiring such solutions. The new group will be ideally positioned to tap into the growing market of professional services generated by cross border structuring and international wealth planning.
The Offshore Incorporations group today comprises three specialist entities: the Asian company formation specialist, OIL; a corporate services firms in Asia, Acceptor; and trust and fiduciary service firm Credence Trust. The intention is to integrate Acceptor and Credence Trust with Vistra under the Vistra brand. OIL will continue to operate independently.
The combined company will be able to leverage the strengths of the respective firms to enhance the product and services offering to our existing and future customers. In addition the combined company will benefit from favourable long term growth characteristics such as Asian GDP growth, foreign direct investment flows to and from Asia, acceleration of Asian HNWI growth and an increase in M&A activity.
The merger will also offer an opportunity to expand our footprint in mainland China and into new selected geographies such as the Americas, Indonesia and India. Vistra’s strong product knowledge of cross border structuring, wealth protection and fund administration as well as our European network will be made available to the Asian customer base of the Offshore Incorporations group, while our customers will be able to benefit from our new partners’ network in Asia and knowledge of Asian based products.
In the new organisation, Martin Crawford, currently CEO of the Offshore Incorporations group, will become the new CEO of the combined business working in close co-operation with myself who will become Executive Chairman of the Board of the combined group.
I am personally very excited about this envisaged union of two successful companies creating a truly global service provider with substantial scale. The combination allows us to bridge Europe and Asia for clients requiring such solutions. The new group will be ideally positioned to tap into the growing market of professional services generated by cross border structuring and international wealth planning.
