The Corporate team have successfully advised the shareholders of Rockstead Group, a leading governance, risk, and compliance consultancy, on its sale to Broadstone Group, a portfolio company of US private equity firm, Lovell Minnick Partners LLC.
Rockstead, which was founded in 2008 by Brian Pitt and Richard Gater, is recognised for providing trusted due diligence, loan book analysis, underwriting, servicer oversight, and compliance services for a wide spectrum of clients across the banking, investment, asset management, insurance and pension sectors and will add scale to Broadstone’s growing Banking & Credit Advisory division.
Commenting on the sale, Rockstead Executive Chairman Brian Pitt said: “Broadstone is a natural home for our business as we look to scale up our services and help our clients face the future with the very best experience and expertise.”
On working with FSP, Brian further commented:
“Richard and I together with the other Rockstead owners are delighted with the service that Philip, Ian and the rest of the FSP team provided. The transaction timetable was challenging but the FSP team provided responsive, clear and pragmatic advice throughout, with a commitment and determination to getting the deal done on time. It was a pleasure working with them and we confidently recommend them.”
The team at FSP was led by Corporate Partner Philip Stephenson (Partner, Corporate) and Ian Wood Smith (Partner, Corporate), and assistance from Penelope Garden (Partner, Private Equity and Venture Capital), Dan Barnhouse (Legal Director, Banking and Finance) Olivia Vines (Solicitor, Corporate), Thelma Brako (Solicitor, Corporate), Callum De Freitas (Associate, Employment), Haris Qureshi (Solicitor, Commercial, IP and Technology) and Hannah Straw (Graduate Apprentice Solicitor, Corporate).
