Estera announces acquisition of Luxembourg company

Offshore fiduciary services company, Estera, has announced the acquisition of a specialist corporate and trust services business in Luxembourg.

Headstart S.à r.l., based in Cloche d'Or, whose clients include private equity and real estate firms, institutional clients, corporates and high net worth individuals, will rebrand to Estera in September.

The company's managing directors, Christophe Gaul and Manuel Mouget will continue to lead the business.

The transaction paves the way for Estera’s expansion into Luxembourg, described by the company in a statement as "one of world’s most important jurisdictions for funds and corporate services".

"The deal adds strength and depth to our existing service lines and expands our global footprint in a new jurisdiction with excellent growth opportunities." CEO of Estera, Farah Ballands, said in a statement.

Christophe Gaul, founder and managing director of Headstart, described the acquisition as an "exciting new chapter", adding it will bring the "added benefit of access to a new range of global services as part of the Estera group and considerable resources for further investment in the business".

Headstart S.à r.l was founded in 2009 and currently employs 25 people. Estera is present in 10 locations worldwide.

(Heledd Pritchard, heledd.pritchard@wort.lu, +352 49 93 459)