Europlan Fund Administrators Limited ("EFA"), a provider of fund establishment, administration and management services to the private equity and real estate industries, is pleased to announce that it has been accepted by the Channel Islands Stock Exchange ("CISX") as a Category II Listing Member which allows it to sponsor the listing of investment funds.
Established in 1993, and wholly owned by the Europlan Group which was founded in 1974, EFA provides full corporate administration services to closed ended investment companies, unit trusts and limited partnerships. EFA also provides administration services for private equity, real estate as well as fund of funds, mezzanine, buyout and venture capital funds.
CISX is an International exchange and was formed in 1998. Based in St Peter Port, Guernsey, CISX provides a listing facility and screen-based trading. Being based in a European time zone enables CISX to serve the interests of Channel Islands' businesses.
Since establishment, CISX has grown rapidly with over 3,500 securities having been approved by the Market Authority since inception, for a total market capitalisation of US$50 billion. The CISX offers a personalised approach and fast track processing of listing applications within a highly regulated and innovative marketplace.
CISX provides high visibility for its listed securities and sponsors through its website, www.cisx.com. This service is in addition to the market data and price quotations distributed world-wide through the CISX's Reuters pages.
EFA is able to work with clients and their professional intermediaries from establishment through to listing. It has the systems and staff required to provide accounting, corporate services, investor reporting and, if required, manager of a managed entity ("MoME") services.
Ben Warner, Managing Director of the Europlan Group and a Director of EFA commented:
"For many years we have provided a comprehensive array of services to the corporate market. Becoming a member of CISX is an extension of our current offering to clients. We have been encouraged by the increase in listing opportunities with CISX and very much look forward to working with the CISX team going forward."