Rockpool backs Boston MFO buyout

Oscar Geen
17 July 2019

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Rockpool Investments has backed the management buyout of Isle of Man-based trust and fiduciary service provider Boston Multi Family Office (Boston MFO).

The company's managing director, Alex McNee, will remain in his role, while former director of business development Katherine Ellis will become CEO.

Rockpool generally makes equity investments in the range of £3-12m in profitable private businesses.

The GP will support Boston MFO's expansion via organic and inorganic initiatives.

Company
Boston MFO was founded as a single-family office in 2002 and is headquartered in the Isle of Man. It now provides administration services to a group of families and high-net-worth individuals. It has offices in the Isle of Man, Malta and Dubai.

People
Rockpool Investments – Guy Ellis (investment manager); Simon Collins (investment executive).
Boston Multi Family Office – Alex McNee (managing director); Katherine Ellis (CEO).

Advisers
Acquirer – Taylor Wessing, Jonny Bethell (legal); Keystone Law (legal); Dow Schofield Watts (financial due diligence); Catalysis Advisory (management due diligence).
Vendor – Mazars Corporate Finance, Paul Joyce, Fred Dearden (corporate finance); Charles Russell Speechlys (legal).