Contacts
James Goold

James Goold

Partner

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jonny bethell

Jonny Bethell

Senior associate

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Contacts
James Goold

James Goold

Partner

Read More
jonny bethell

Jonny Bethell

Senior associate

Read More

17 July 2019

Advising Rockpool Investments on management buyout of Boston Multi Family Office

Taylor Wessing has advised Rockpool Investments (Rockpool) on its backing of the management buyout (MBO) of Boston Multi Family Office.

One of the Isle of Man’s most prestigious trust and fiduciary businesses, Boston Multi Family Office provides trust, corporate, and fiduciary services to corporates and family offices.

The MBO will see Katherine Ellis, former Group Director of Business Development, step into the Chief Executive Officer role on completion with Alex McNee remaining as Managing Director.

Boston Multi Family Office will continue to be headquartered in the Isle of Man with the new ownership focused on organic growth and strategic acquisitions for broader jurisdictional reach.

The MBO is subject to regulatory approval and is Rockpool's third in 2019.

Commenting on the transaction, private equity partner James Goold, commented: "More and more intermediaries and other wealthy families are calling for a broader range of services and greater multijurisdictional presence. Rockpool's acquisition of Boston Multi Family Office provides an enormous opportunity. This deal also called for a multidisciplinary team working across the UK and Dubai. This allowed us to display the breadth of expertise we have across our international firm. We look forward to continuing to work with Rockpool and Boston on their expanding acquisitions."

Guy Ellis, Investment Manager at Rockpool added: “Boston Multi Family Office is an exciting opportunity for Rockpool to invest in a reputable trust and fiduciary services business with exciting growth prospects both organically and via bolt-on opportunities. Taylor Wessing were integral in the transaction process, offering a multijurisdictional approach to help get the deal over the line. We look forward to working with the team on future acquisitions and expanding the global reach of the business."

The team was led by private equity partner James Goold and senior associate Jonny Bethell with support from trainee Josh Gertner (Private Equity).

Debt finance advice was provided by partner Lerika Joubert, senior counsel Fiona Coady and associate Kate Bowden (Banking and Finance). Partner Adam Rendle and associate Jocelyn Clarke (IP and Media) advised on IP issues. Tax advice was given by partner Peter Jackson and associate Will Egan (Tax and Incentives).

Senior counsel Ronnie Rifai provided advice on the Dubai International Financial Centre aspects.

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