Home Financial Planning Finli buys £815m AUA Scottish Monetary Planner

Finli buys £815m AUA Scottish Monetary Planner

Finli buys £815m AUA Scottish Monetary Planner

Wealth supervisor Finli Group, previously Solomon Capital Holdings, has acquired Scottish Chartered Monetary Planners Clark Gillone for an undisclosed sum.

The agency was arrange in 1998 and is led by administrators David van der Hoeven and Graham Lennox.

Finli mentioned the acquisition – its fifteenth – will increase its nationwide presence whereas offering key regional protection of Scotland.

Clark Gillone’s 11 advisers and 35 workers will be a part of Finli, and the deal will add £815m AUA to the group. Clark Gillone has 3,000 particular person shoppers.

After the deal Finli will develop to 89 advisers, 329 workers, round 15,400 shoppers and £3.4bn AUA.

The acquisition was supported by way of a brand new debt facility from personal credit score fund TDC LLP which has been put in place to help Finli’s buy-and-build technique.

Finli Group was established in 2021 below the title Solomon Capital Holdings by former Quilter Monetary Planning CEO Andy Thompson and CFO Darren Sharke.

Its goal is to turn out to be a outstanding Monetary Planning agency and to this point Finli has acquired two basis platforms – Beaufort Group and Gale and Phillipson – in addition to 5 regional hubs and eight smaller acquisitions.

The Finli Group additionally owns You Asset Administration, an funding administration firm with £2.2bn in FUM.

Andy Thompson, chief govt at Finli, mentioned: “This can be a key step in increasing our presence throughout the UK, notably in Scotland. Clark Gillone is a high-quality enterprise with a massively profitable group led by David and Graham. This new growth has been facilitated by our collaboration with TDC LLP.”

David van der Hoeven mentioned: “This transfer marks a key growth for Clark Gillone, as we search to advance our providers and utilise revolutionary instruments and techniques as a part of the Finli imaginative and prescient.”

Finli is backed by personal fairness agency JC Flowers & Co. The agency has invested greater than $18bn (£14.7bn), together with co-investment, in 66 portfolio corporations in 18 nations throughout a variety of business sub-sectors together with banking, insurance coverage and reinsurance, securities companies, specialty finance, and providers and asset administration. It has $4bn (£3.15bn) of AUM.

JCF and Finli had been suggested by Many Waters Capital (debt advisory), Proskauer (authorized), Freeths (authorized due diligence) and Grant Thornton (monetary and tax due diligence). TDC was suggested by Pinsent Masons (authorized).



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