PraxisIFM has made its fifth acquisition in a ten-month period with the purchase of Jeffcote Donnison’s (JD) trust and corporate administration business.

The deal adds the Isle of Man to PraxisIFM’s list of global jurisdictions and also extends its existing operations in London and Hong Kong. The acquisition of JD’s UK corporate administration, bookkeeping, VAT preparation and payroll compliance business includes 19 staff across the three locations who will all transfer to PraxisIFM.

PraxisIFM group chief executive officer, Simon Thornton, said that the deal was a natural fit for both parties.

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