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June 8, 2021

Wren Sterling adds around £294m with triple deal

By Verdict Staff

British advisory firm Wren Sterling has added approximately £294m of assets and 550 new clients through a trio of acquisitions.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The acquired entities are Warwickshire-based Sentinel Private Clients, Cardiff-based Bookkeeping Administration Services (BKASL), and Bedfordshire-based Rothesay Intelligent Financial Services.

These deals, whose financial terms were undisclosed, follow Wren Sterling’s takeover of White Wells Investments in this February.

Andrew MacDonald, Louise Wheeler, and Francesca Shaughnessy from Sentinel have joined Wren Sterling to support the client transition process.

In addition, BKASL director Ray Jackson and Rothesay’s Rod Hamilton have moved into the company in the role of independent financial advisers.

The acquisitions have been carried out with support from Wren Sterling’s acquisition funding partner DunPort Capital Management.

Wren Sterling CEO Ian Halley referred to the deals as ‘exactly the sort of acquisitions we believe have a great fit with the business’.

Halley said: “Each of these businesses are well-established with long standing client relationships, strong compliance cultures and I’m delighted that they have chosen to join Wren Sterling.”

He also divulged that the company is eyeing further acquisitions in the coming months.

Wren Sterling formerly operated as Towergate Financial and was rebranded in 2015 following a management buy-out. It offers financial advice, investment advice, and pensions advice.

At present, Wren Sterling has £4.6bn in assets under advice.

Last August, the company closed the purchase of Woking-based IFA Frobisher Capital from parent Corimar Holdings.

In July 2019, the firm bought Dunfermline-headquartered TD Armstrong Financial Planning.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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