Advising on the management buy-out of SMP Partners (SMP)

Our Deal Advisory provided buy-side advisory services to Palatine Private Equity (“Palatine”) on the management buy-out of SMP Partners (“SMP”), providers of Trust and Corporate services.

SMP is a leading, independent international corporate services provider in the Trust & Fund Administration sector, with Group Headquarters in the Isle of Man. Palatine is a regional private equity firm with offices in Manchester, Birmingham and London, whose focus is investing in the UK mid-market.

Mazars provided integral sector expertise throughout the transaction, supporting our investment thesis with tailored, sector specific insight and advice. Involving Mazars at an early stage was essential to the overall success of the deal.

Their hands-on approach was also critical in delivering the transaction quickly and efficiently. We very much look forward to working with Paul, Fred and the Mazars Deal Advisory team again in the future.

Andy Strickland Senior Investment Director – Palatine Private Equity

The investment in SMP marked Palatine’s first into the Trust & Fund Administration sector, having previously successfully invested in other financial service sectors, including insurance and wealth management.

Palatine’s investment in SMP represents a fantastic deal for both parties. There continues to be significant growth opportunities in the trust and corporate services market - SMP are ideally positioned to capitalise on those opportunities and Palatine are the perfect investor to support them on that journey.

Through our deep sector knowledge we were able to support Palatine throughout the whole process and to deliver value added insight at critical stages in the transaction.

Paul Joyce Partner - Mergers & Acquisitions

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