New Mountain Capital takes minority stake in Appleby Global Group
Appleby’s existing management team will continue to lead the group.
A new structure around legal and fiduciary services
Affiliates of New Mountain Capital will hold a minority interest in a newly established Cayman Islands company that indirectly owns Appleby Global Group. The group’s managed-services organization supports Appleby law firms, while Appleby Global Services administers corporate structures; the law firms themselves remain owned and controlled by local Appleby partners.
Use of funds
Expand growth strategy