Financial services
The financial services industry comprises a broad range of organisations, each with their own challenges, nuances and, in some cases, 'languages'. Our financial services team has the experience and capability to support these businesses in overcoming the complex issues faced daily.
Financial services and deal services
Over the past three years, we have completed 45 deals, including 19 deals involving PE. Explore some of our highlights below.
CASE STUDIES
Five Wealth
RSM’s M&A team advised Five Wealth Limited on successfully securing private equity funding from Foresight Group.
The investment supports the company’s succession planning strategy and accelerating future growth plans.
Founded in 2016, Five Wealth is a leading independent wealth management and financial planning company based in Manchester. The company was set up by directors Phillip Dewhurst, Chris Little, Philip Shaw, Stephen Hughes and Stephen Jordan. In the last seven years, the team has grown to include eight advisers with 27 staff members responsible for supporting more than 600 clients across the Northwest.
RSM’s team of experts supported the company in identifying the investment partner (Foresight Group), negotiating the deal terms and project managing the deal through to completion. The funding secured will drive the company’s growth plans both organically and via acquisition.
RSM did a fantastic job guiding us through the process. The team were professional, responsive, and easy to deal with throughout. They managed the process proactively and worked hard to achieve the best outcome possible for Five Wealth. I would have no hesitation in recommending RSM and I’m extremely grateful for their support during our transaction.
Phil Shaw, Managing Director
Five Wealth Limited
Avid Insurance Services
RSM’s M&A team has successfully advised Avid Insurance Services (‘Avid’) on its partial sale to Beech Tree Private Equity (‘Beech Tree’).
Avid is a specialist managing general agent writing in excess of £40m gross premium across niche personal and commercial lines. Its data driven approach to the underwriting of underserved markets within the insurance industry, has generated strong book performance and a reputation as a trusted partner for ‘hard to place’ risks.
RSM was appointed to find a buyer to support and accelerate Avid’s growth, as well as facilitate a full exit for one of the founding shareholders. After a competitive process, Beech Tree was identified as the right fit for both the remaining owner managers and company, with the incumbent management team realising 50 per cent of their value and at the same time retaining a significant stake in the business.
If I could have outlined the perfect deal at the start of this journey, this would have been it. RSM found an excellent partner in Beech Tree, who share the ambitions and values of the management team, whilst also achieving a fantastic exit for the shareholders. I’m thoroughly excited for the next stage of the Company’s story and want to thank Natalie and the RSM team for guiding and supporting us every step of the way. We couldn’t recommend them enough.
Stephen Gibson, Founder & MD
Avid Insurance Services
DEAL CARDS
Avid Insurance Services Limited
Acquirer Beech Tree Private Equity
Sector Financial services
Sub sector Insurance
Five Wealth Limited
Acquirer Foresight
Sector Financial services
Sub sector Wealth managers and IFA’s
IDL
Acquirer Gallagher
Sector Financial services
Sub sector Insurance
Independent Financial Strategies
Acquirer Finli Advice Holdings
Sector Financial services
Sub sector Wealth managers and IFA’s
Kingsway Financial Group Holdings Limited
Acquirer Praetura Asset Finance
Sector Financial services
Sub sector Asset management
Michael J Field Consulting Actuaries
