21-11-2014 AMSTERDAM - Orangefield Group ("Orangefield") has expanded its fund services division by acquiring a significant interest in Legis Fund Services Limited ("Legis"), a large fund administrator based in Guernsey. With this investment, Orangefield increases its assets under administration to over 50 billion (USD) in total.

The move, which has obtained regulatory approval, will benefit Legis' clients by providing access to a wide range of global markets.

Changing its name to Orangefield Legis Fund Services Limited, the Guernsey business will continue to be headed up by Managing Director Patricia White with Legis Group's Chief Executive Officer Stuart Platt-Ransom's involvement and will be integrated into the existing Orangefield fund administration division. Both will retain a shareholding in the business, as will the rest of the Guernsey employees and external investor Bailiwick Investments Limited.

The 50 Guernsey staff will remain the prime contacts for their clients with additional support by Orangefield's 600 specialist employees in 20 countries in the Americas, Europe, Asia and Africa.

Legis Fund Services Limited focuses on all classes of alternative investment funds, including listed, hedge, private equity, and real estate funds, and supports clients all over the globe. As it is located in Guernsey, an important location for fund setup worldwide, the acquired company forms a significant geographical gain for Orangefield. As a part of Orangefield, the Legis team will benefit from a broader suite of products and additional resources.

"We are often seeing clients who might have fund structures in the Channel Islands, Cayman and the Far East, or whose fund structures encompass the use of SPVs in a number of countries," says Mr. Platt-Ransom. "It is much more efficient for them to be able to rely upon one single service provider that can operate across all these jurisdictions." He adds: "In most respects it will be business as usual. Our service will not be disrupted in any way by this welcome development and clients will continue to deal with the Legis team members with whom they already enjoy a close working relationship."

Joep Bruins, Chief Executive Officer of Orangefield, says that Orangefield is proud to add the ambitious, quality oriented Legis company to their group. "They share our vision for continuous growth and development. Though they already have award-winning service, like us they believe that getting better never stops."

Earlier this year the Legis trust and corporate services business was acquired by The Bank of N. T. Butterfield & Son. Legis Tax Services, which was founded in October 2012, will continue to offer tax, compliance and advisory services.

About Legis Group
Headquartered in Guernsey, with clients in over 50 countries, the Legis Group provides intelligent, thoughtful solutions that come from decades of experience providing multi-jurisdictional fund, corporate and trust structuring as well as expert administrative, tax advisory and compliance support services, to institutional and private clients. Originally set up in 1979 by partners of Ozannes law firm, the Legis Group has grown from strength to strength, positioning itself as a market leader and best of breed independent. In March 2011, the Legis Group management team acquired the business alongside an investment from Bailiwick Investments Limited. In January 2014 the Legis trust and corporate services business was acquired by The Bank of N.T. Butterfield & Son Limited. Further details on Legis Group can be obtained from: www.legisgroup.com.

About Orangefield Group
Orangefield is your international expansion and alternative fund investment partner. We assist corporations with expanding into new and existing markets and provide hedge funds, private equity funds and real estate firms with superior financial and administrative services. Our services include setup, administration, compliance, and management solutions for SMEs, multinationals and alternative investment funds. Over 600 Orangefield professionals working in 20 countries around the world offer support in all major financial centers. With more than 40 years of experience, a wide range of services and one personal global contact for each client, we are the partner for international business.

For more information visit: www.orangefield.com