Taylor Wessing has advised on the management buyout of Accuro (formerly the Salamanca Trust & Fiduciary business) from Salamanca Group, the London-based merchant banking business

Accuro is a global trust and multi-family office firm that serves international families with cross-border assets. The business has grown to administer and oversee US$10 billion of financial and non-financial assets, on behalf of wealthy families around the world.

Xavier Isaac, CEO of Accuro said: “I would like to say how grateful we are to the Taylor Wessing team for the speed and quality of the work done from start to finish, allowing us to complete successfully such an important transaction. This is an exciting next step for our management team, as our independence places us in a unique position to secure our long-term destiny for the mutual benefit of our clients and employees.”

Taylor Wessing’s International Head of Private Wealth, Nick Warr, introduced the team, which specialises in Private Capital advice and has an intrinsic knowledge and understanding of both the fiduciary sector and Private Wealth clients.

Taylor Wessing Private Capital and Corporate Finance partner Mustafa Hussain said: “It has been a pleasure to advise Xavier Isaac and the Accuro team on this important management buyout, which represents an exciting opportunity for their group. Corporate advice and private wealth sector knowledge define our Private Capital capability and we were delighted to deliver on this new beginning for the management team.”

The Taylor Wessing team was led by corporate partner Mustafa Hussain, senior associate Jonny Bethell and associate Jerome Kennedy. Banking & Finance partner Rodney Dukes and associate Kate Bowden led on debt finance aspects, with Richard Carson, senior associate James Stewart and associate Will Egan advising on tax.