Carey Olsen has acted as lead counsel to Rialto Investment Partners (Rialto) on its acquisition of Jersey property and real estate services group, Real Property Limited.
The transaction is the first acquisition to be made by the recently launched boutique private equity firm and meets with Rialto’s vision of building a portfolio of local and sustainable trading companies from the professional services space.
Included in the deal are all four Real Property group businesses – Buckley and Company Limited (commercial agency and professional services), Voisin Hunter Limited (residential and commercial property management together with residential lettings), Maillards Estates Limited (residential agency) and MDW Limited (building surveying).
The Carey Olsen team advising Rialto on the various corporate and finance aspects of the transaction was led by partners James Willmott and Robin Smith, supported by associates Caitlin Hagart and Holly Brown.
James said: “This was a significant transaction for the Rialto Investment Partners team and one that represents an exciting opportunity for the development of a highly-regarded Jersey business. It is also a deal that reinforces Carey Olsen’s strong reputation in advising on mergers and acquisitions, particularly in the Channel Islands and the domestic professional services market”.
Rialto partner Oliver Mourant added: “We are delighted to launch Rialto Investment Partners, and simultaneously, securing our first acquisition of Real Property Limited. It’s been an absolute pleasure working with the M&A and finance teams at Carey Olsen, and we look forward to working with Carey Olsen again on future deals”.