Dealmakers advise on private equity investment in trustee services firm

Andy Parker

Cooper Parry Corporate Finance has added another successful deal to its growing tally since the start of lockdown.

The team advised the shareholders of Ross Trustees as it secured investment private equity investor LDC.

Founded in 2010 by Steven Ross, Ross Trustees provides professional trustee services to UK-based defined benefit pensions schemes.

Ross Trustees supports more than 100 pensions schemes, with asset values ranging from £1m to £6bn and, as the pensions sector faces increased regulatory requirements, demand for its services is rising.

LDC has backed the existing management team at Ross Trustees and will support the future development of the company’s service and team.

Steven Ross, founder at Ross Trustees, said:
“We always thought that Ross Trustees would be an excellent business for private equity investment. Cooper Parry’s Corporate Finance team tailored the sale process to cope with the extraordinary conditions of lockdown and worked seamlessly with my management team to deliver a result of which we can all be very proud.”

Nigel Moore, CEO at Ross Trustees, said: “The changing regulatory landscape in the pensions sector, as well as increased corporate activity and business restructuring, is driving demand for our professional trustee services.

“Partnering with LDC will help the business to grow more rapidly to meet this demand. It will also help us to further expand our products and services as we continue to support more pension schemes and their members.”

Andy Parker, partner at Cooper Parry Corporate Finance, added: “Steven Ross had the vision to create this business ten years ago and assembled a management team capable of taking it forward. I’m really pleased that the brilliant team at Ross Trustees has found an investor that will help them accelerate the growth the company has been able to achieve up to now. They have worked tirelessly in the lockdown conditions, not only to grow their business but also to complete this transaction.”

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