Formed in October 2020 by Luke Smith and Oliver Mourant, Jersey-based Rialto’s mission is to acquire high performing, local companies that are ordinarily untouched by traditional private equity firms, simply due to their size.
Rialto has raised significant investment for further acquisitions in a bid to achieve their mission of creating a high-income Jersey investment platform for local people from local businesses.
The latest investment will see Rialto accumulate further companies alongside the previously acquired Maillard & Co (formerly Buckley & Company, Voisin Hunter, Maillards Estates and MDW Building Surveyors).
The vision for the boutique private equity firm is to build a portfolio of local trading companies whose owners have created a successful and sustainable organisation but find they are too big to sell to management teams and too small for institutional investors.
The portfolio of acquisitions will be synergistic, with the capacity to complement each other’s operations and create a collection of harmonising businesses.
Rialto were delighted to once again have the Carey Olsen team advising as lead counsel on the latest fundraising, led by partner James Willmott, assisted by associates Steven Khan and Ameer Jassat.
Luke Smith (pictured), commented “This investment marks a significant milestone for Rialto Investment Partners, watch this space.”
Carey Olsen’s James Willmott added: “It was a pleasure to assist Rialto on this exciting fundraising, which will help the firm achieve its objectives within Jersey’s thriving business community.”