INTELLECTUAL property business CPA Global is on the acquisition trail as a result of it having signed a deal to be sold to a private equity group for £950 million.

Guarantees have been given that all of the 280 jobs in Jersey are safe, as the firm will look to expand, rather than contract, its business following the agreement.

CPA Global, which is based at Liberation House in Castle Street, is to be sold to European private equity group Cinven.

The  business is the leading global provider of intellectual property management services and software.