Rialto Acquires Property Group

We are delighted to announce, we have completed on our first acquisition of Jersey property and real estate services group, Real Property Limited.

The transaction, is the first acquisition to be made by our recently launched firm and meets with our vision of building a portfolio of local and sustainable trading companies from the professional services sector.

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).

While the day-to-day management of the organisation will remain largely the same, the Partners of Rialto, Luke Smith and Oliver Mourant, have joined the board to support plans for innovation and growth.

Oliver Mourant, Partner, commented:

‘Our aim is to acquire businesses that have a strong track record of profitability, but are not large enough to be on the radar of larger investment firms. That is why we are delighted to have acquired a company that is as high-performing and well-regarded as Real Property Limited. Local, owner-managed businesses often find it difficult to sell – not due to profitability, but due to lack of choice. A management buyout, or sale to an unfamiliar, off-island business, are often the only paths open to them. Our experience in private equity investment, accountancy, business advisory services, company sales, mergers and acquisitions, means that we are a well-placed to offer Jersey businesses with a viable exit route, while also providing our shareholders with excellent opportunities for local investment.’