Orangefield Trust acquired a stake in Legis Fund Services Limited from Bailiwick Investment Ltd managed by Ravenscroft Investment Management and others on November 21, 2014. Legis Fund Services Limited has changed its name to Orangefield Legis Fund Services Limited. The deal has been approved by the regulatory board. Patricia White, Managing Director, will continue to manage the business with Legis Group's Chief Executive Officer Stuart Platt-Ransom's involvement and will be int grated 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 deal has obtained regulatory approval. Carey Olsen acted as legal advisor to Orangefield Trust. Ernst & Young Transaction Advisory Services B.V. acted as financial advisor for Orangefield.

Orangefield Trust completed the acquisition of a stake in Legis Fund Services Limited from Bailiwick Investment Ltd managed by Ravenscroft Investment Management and others on November 21, 2014.