Cushon raises £26m Cushon, a fintech pension and savings provider, has closed an overall funding round of £26m to finance rapid expansion and product development plans. Leading the £6m equity raise is fintech venture capitalist, Augmentum Fintech. A further £20m in credit facility has been committed by AshGrove Capital, a leading independent pan-European specialty lending … Continued
Cushon acquires Workers Pension Trust Cushon, a workplace savings fintech, has acquired the scheme funder of the Workers Pension Trust (WPT). Sophie Colloby of Dow Schofield Watts Transaction Service’s team in Leeds provided financial due diligence to Cushon on the deal. Construction First Limited – the scheme funder of the WPT is the leading auto-enrolment … Continued
ITM acquires Profund Independent Transition Management Limited (ITM), the leading provider of data management and technology services to the pensions and financial services markets, will acquire the products and assets of Profund Solutions Limited, part of Mercer, a business of Marsh McLennan. Founded in 2003, ITM specialises in pension-focused technology-led data management solutions, administration software … Continued
DSW advises on buy-out at MoneyPlus Group MoneyPlus Group, one of the UK’s largest providers of consumer debt advice, has undergone a management buy-out backed by Intriva Capital. DSW Transaction Services provided vendor due diligence for MoneyPlus on the deal, which was led by the company’s longstanding Chief Executive, Chris Davis. Intriva will also provide … Continued
Bollington Wilson Insurers buy Prophet Trade Credit Ltd. Brokerage firm Bollington Wilson Insurers has completed a deal to buy Harrogate-based broker Prophet Trade Credit Ltd. as part of a bigger expansion plan for 2020. Dow Schofield Watts’ Corporate Finance and Transaction Support teams assisted Bollington Wilson. The sale adds over £4 million ($5.2 million) gross … Continued
Succession Wealth, the independent UK wealth management and financial planning firm, has today announced its acquisition of Investors Planning Associates Ltd (IPA), the national financial advisory firm with almost £500m funds under management (FUM). Dow Schofield Watts Transaction Services provided financial due diligence. Underpinning Succession’s ongoing focus on profitable, nationwide expansion and integration of large-scale businesses, this … Continued
NVM Private Equity (NVM) today announces that its fund, NVM Private Equity Vintage III LP, has completed the management buy-out of Leicestershire-based Secure Retail Limited (Secure), a leading provider of electronic payment solutions. DSW Transaction Services advised NVM. Founded by CEO Carl Barton in 2003, Secure offers a range of hardware, managed services and software products principally to retail, hospitality … Continued
A private equity firm has completed its first deal in the North West with the acquisition of a Bolton-headquartered online loan platform in a transaction understood to be worth more than £15m. Beech Tree Private Equity has invested in the Fluent Money Group, which is the UK’s largest online secured loans broker and employs … Continued
Cheshire based Dow Schofield Watts Corporate Finance acted for Coulter Hurst and Company Limited on their sale to leading independent insurance broker, Stackhouse Poland. Founded in 1999, Liverpool-based Coulter Hurst is an insurance and risk management practice which specialises in the commercial property and professional insurance sectors. Stackhouse Poland’s acquisition of Coulter Hurst will see their operating footprint … Continued
Dow Schofield Watts has advised on the sale of Midland Vehicle Contracts Limited (“MVC”) to Prohire Group plc, the Staffordshire-based asset leasing company. As a division of Prohire Group plc, Midland Vehicle Contracts Limited will continue to trade as such for the foreseeable future and the directors of Prohire are delighted to confirm, all MVC … Continued
Dow Schofield Watts LLP advised the management team of Taylor Patterson Group Limited (“Taylor Patterson”) on their management buy-out. The management team of Taylor Patterson has increased its stake in the Company from 10% to 55% Since formation, Taylor Patterson has grown from a 2 person partnership to become one of the leading firms of … Continued
Allclear Finance, a top tier supplier of debt solutions and financial planning services to the rapidly growing UK consumer credit market, has been sold to a management buyout team backed by Inflexion Private Equity. The business, lead by Chris Holmes, intends to broaden its service proposition, including providing increased access to needs-based, advice driven debt … Continued
Norwich Union, the UK’s largest insurer, has agreed to sell the Norwich Union Mortgage Club (NUMC) to Bankhall, one of the UK’s leading suppliers of intermediary services. NUMC is currently the fourth biggest mortgage broker club in the UK, representing 35 lenders and distributing mortgages through more than 7,000 intermediaries. In 2003, NUMC brokered almost … Continued