Private equity firm LDC has funded the management buyout of London-based, independent professional trustee and pensions support services business, Ross Trustees
The investment by LDC will provide a platform for growth for Ross Trustees, which was founded in 2010 by Steven Ross and provides professional trustee and pensions support services, as well as pensions manager and secretariat services through its Ross Corporate Services division.
The business, which employs a team of 45, will continue to be led by the existing management team supported by LDC and a new non-executive chairman.
Beth Mather and Andrew Cowan led a multi-office Gateley Legal corporate team with transactional services providing legal due diligence and specialist support from Michael Collins in pensions.
Beth Mather, said “it was fantastic to work with the LDC team on their investment in Ross Trustees. This investment will allow the management team to enhance what is already a very successful and dynamic company. I wish them all the very best for the future and hope we will be able to assist them further on their journey."