Financial firm backs MBO of Isle of Man group

Deal signed
The Manchester office of Palatine Private Equity has announced the management buyout of SMP Group, the corporate, trust and professional services provider, for an undisclosed sum. The MBO, which is subject to regulatory approval, comes as part of a planned leadership succession process at the Isle of Man-based business, which will see the appointment of a new group chief executive, David Hudson. Created in 2007 through a management buyout from Fortis Intertrust and with an unbroken record of financial success, SMP Group has grow... For the full story register now for free or login below...