INVESTMENT YEAR
2006
REALISATION YEAR
2013
SECTOR
Services
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Global professional services provider

Equiom is an Isle of Man based provider of bespoke end-to-end wealth protection and business support services to private clients, corporate clients and funds. The business has a diverse customer base that includes large corporates as well as high net worth individuals. In addition to its core trustee and company services, which account for 70 per cent of its business, Equiom also operates niche business lines.

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Building from a quick deal to long term growth

Livingbridge invested in December 2006 to fund a management buyout of the business from parent company Anglo Irish Bank, in a deal which they had only five weeks to pull together.

  • After plans for sale were announced by Anglo Irish Bank, Sheila Dean, Managing Director, said “Livingbridge’s market knowledge and enthusiasm was immediately evident and allowed us to complete the transaction within five weeks – a considerable achievement.”
  • Livingbridge supported the transition from the structure under the bank. Sheila said, “Possibly the hardest part was having to go through all the shared services we had with the bank and think about how we would do things without them.” Like any business coming out of a corporate environment, this meant a period of transition both practically and culturally, but we were confident the platform and management team could take the leap forward.
  • We agreed an action plan with the team which covered areas such as the separation of functions from the parent company, rebranding of the business, and building their own compliance and IT functions.
  • Equiom experienced significant growth during the investment period, as a result of its high quality service offering to customers, alongside considerable investment in its operational and sales capability.
  • The business completed a number of successful acquisitions including Intertrust’s Isle of Man yachting and aviation business in January 2011, Jersey-based Andium Trust in October 2012 and City Trust, an Isle of Man independent corporate and trust service provider, in April 2013. Shani Zindel, partner at Livingbridge, said at exit, “Equiom has proven that it can weather an economic crisis, deliver organic growth and make acquisitions successfully. I am proud to have been associated with the business.”

Since exit Eqiuom has gone on to acquire a number of businesses including AFP Group Hong Kong, Lloyd’s Trust Company, and Vivat Trust & Corporate Services Ltd.

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Equiom timeline

2006 Livingbrige invests
2011 Acquisition of Intertrust’s Isle of Man Yachting and Aviation business
2012 Acquisition of Jersey-based Andium Trust
2013 Acquisition of City Trust, an Isle of Man independent corporate and trust service provider
2013 Livingbridge realises investment