Aqua Joins Forces with Boston in Horizon Capital-Facilitated Deal
Deal News | Nov 19, 2024 | Horizon Capital
Horizon Capital-backed Boston MFO has completed its third acquisition in less than two years, acquiring Aqua Group, a provider of trust and fiduciary services. This transaction extends Boston's jurisdictional presence into Jersey and the UK. Aqua Group, noted for its longstanding client relationships and industry accolades, aligns closely with Boston's culture and business approach. All Aqua Group staff will transition to Boston, enhancing the firm's service offerings across its expanded jurisdictions. The move is part of Boston's strategy to scale through organic growth and strategic acquisitions, continuing to enhance its client services and geographic presence.
Sectors
- Financial Services
- Private Equity
Geography
- United Kingdom – The acquisition expands Boston MFO's jurisdictional footprint into the UK.
- Jersey – The article mentions the addition of Jersey to Boston's operational jurisdictions through the acquisition of Aqua Group.
Industry
- Financial Services – The article discusses the acquisition of Aqua Group, which provides trust and fiduciary services, a key segment within the financial services industry.
- Private Equity – Horizon Capital is the private equity firm backing Boston MFO's acquisition of Aqua Group.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Horizon Capital | Private Equity Firm | Company | The private equity firm that invested in Boston MFO, facilitating its acquisition of Aqua Group. |
| Aqua Group | Target Company | Company | A family office and corporate provider of trust and fiduciary services acquired by Boston MFO. |
| Boston MFO | Acquiring Company | Company | The acquiring company backed by Horizon Capital, expanding its jurisdictional presence through the acquisition of Aqua Group. |
| Jo Luce | Managing Director, Aqua Group | Person | Managing Director of Aqua Group, recognized in the Citywealth Power Women Awards. |
| Katherine Ellis | CEO, Boston MFO | Person | CEO of Boston MFO, overseeing its expansion and integration of Aqua Group. |
| Adam Lewis | Partner, Horizon Capital | Person | Partner at Horizon Capital, involved in the acquisition process. |