Boston Multi Family Office acquires Douglas-based financial service provider Fedelta Trust, enhancing its service capabilities and expanding its portfolio shortly after securing support from Rockpool.

Target Information

Boutique fiduciary and corporate services firm Boston Multi Family Office (MFO) has successfully acquired Douglas-based financial service provider, Fedelta Trust, for an undisclosed amount. This acquisition marks another strategic move by Boston MFO, following their recent collaboration with London-based private equity firm, Rockpool, through their finance partner, Horizon Capital, which received permission just weeks prior to this deal.

This acquisition is particularly significant as it is the second major transaction overseen by CEO Katherine Ellis and COO Alex McNee since their management buyout of Boston MFO in October 2019. Prior to acquiring Fedelta, the firm expanded its portfolio in 2020 with the global fiduciary services company, IQE. Following the acquisition, Fedelta's directors, Steven Quirk and David Brew, will relocate to MFO's Boston offices, while the deal is still pending regulatory approval.

Industry Overview

The financial services industry in the Isle of Man, where Boston MFO is headquartered, is characterized by its strong regulatory framework and favorable business environment. The region has positioned itself as a global hub for fiduciary a