Macfarlanes has advised management on its buy-out of Ogier Fiduciary Services from the Ogier Group. The deal signed on Saturday 1 February, with final completion being subject to the usual regulatory approvals.

The buy-out is being backed by Electra Partners, an independent private equity fund manager. On behalf of its client, Electra Partners has agreed to invest £83m of equity in the £180m transaction.  Ogier Fiduciary Services will continue to be led by the current Executive team.

The Macfarlanes team comprised corporate and M&A partner Stephen Drewitt, supported by senior solicitor Justin Hope.

Stephen Drewitt, who led the team, comments: "We are delighted to have acted for management on this transaction.  We believe that Paul Willing and the broader team have a bright future in a very interesting sector."

Paul Willing, CEO of Ogier Fiduciary Services said "We believe that the time is right to accelerate our growth through the additional investment and support Electra will provide and we are looking forward to working with them.  Stephen and the team at Macfarlanes supported us throughout the transaction and provided us with technically excellent advice and a high standard of client service."