MPI completes MBO

Monday 19 October 2020

Managed Portfolio Indices (MPI) have completed a management buy-out by acquiring the remaining share capital from Enhance Group Limited.

As part of this deal, Enhance MPI Ltd, which operates the Managed Portfolio Indices as a ‘STEP Member Service’, will be renamed MP Analytics Ltd although will continue to trade as MPI. Enhance will now be a client of the MPI service rather than a shareholder.

MPI helps trustees and other approved private client advisors to find, compare and select discretionary investment managers for their clients and trusts. 

MPI’s Managing Director, James Hoare, said: “We believe that the Managed Portfolio Indices (MPI) can be made even stronger through operating as a truly independent service. This purchase now provides us with an excellent opportunity to build out the MPI Platform without the conflicts of interest that naturally existed between the two businesses.”

Enhance’s CEO, Tom Wiseman, commented: “Whilst we have truly valued our long- term involvement with MPI, we recognise the need for ever increasing vigilance of where conflicts may arise. As such we now look forward to working as a client of the Managed Portfolio Indices service, rather than a shareholder.”