Consolidator secures £5.3m loan for IFA acquisition spree
Funds give the company ‘financial firepower’ to accelerate its plans
Funds give the company ‘financial firepower’ to accelerate its plans
Expanding its footprint beyond the UK by adding offices in Hong Kong, Singapore, Dubai and Brussels
But its sixth M&A deal since January 2021 marks a big shift in how the acquisition will be funded
The duo secured private equity funding to set up their own business which has nation-wide ambitions
After rejecting £300m unsolicited takeover bid by Brooks Macdonald
Its new parent company has given the IFA firm ‘significant firepower’ to expand its footprint
The combined businesses will have eight offices
Infrastructure and PE manager to acquire £275m worth of mandates
Management team will retain a ‘significant minority stake’
Company’s first acquisition since its MBO in July 2021
It is targeting 15% annual growth over the next five years
Acquisition of Alcentra will bring firmwide alternative assets to £219bn