05 July 2022
Carey Olsen advises Rialto on investment success
Rialto Investment Partners (Rialto) has raised significant investment for further acquisitions in a bid to achieve its mission of creating a high-income Jersey investment platform for local people from local businesses.
Formed in October 2020 by Luke Smith and Oliver Mourant, Rialto's mission is to acquire high performing, local companies that are ordinarily untouched by traditional private equity firms, simply due to their size.
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.
James said: "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."
Luke Smith added: "This investment marks a significant milestone for Rialto Investment Partners; watch this space."