M&A Deal Summary

Ashcourt Rowan Acquires UKWM

On December 16, 2013, Ashcourt Rowan acquired financial services company UKWM from Duke Street Private Equity for 14M GBP

Acquisition Highlights
  • This is Ashcourt Rowan’s 1st transaction in the Financial Services sector.
  • This is Ashcourt Rowan’s largest (disclosed) transaction.
  • This is Ashcourt Rowan’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2013-12-16
Target UKWM
Sector Financial Services
Buyer(s) Ashcourt Rowan
Sellers(s) Duke Street Private Equity
Deal Type Add-on Acquisition
Deal Value 14M GBP

Target

UKWM

York, United Kingdom
UKWM, formerly Yorkshire Investment Group, is a company with £1.4bn of private client funds under advice in addition to the corporate pension funds on which it advises. It provides specialist investment and tax planning advice to high net worth individuals and employee benefits advice to organizations and trustees. The company is well positioned to capitalise on changes in the IFA market driven by UK demographic trends, pension reforms and regulatory changes. The IFA sector is fragmented and comprises approximately 11,000 independent firms in the UK.

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Buyer(S) 1

Buyer

Ashcourt Rowan

London, United Kingdom
Category Company
Founded 2005
Sector Financial Services
Employees354
DESCRIPTION

Ashcourt Rowan plc is a provider of integrated financial planning and investment management services in the UK, delivering holistic financial advice and investment solutions to meet the wealth management and pension needs of private clients, charities and corporates.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London.

DEAL STATS #
Overall 31 of 43
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 10 of 17
Country (United Kingdom) 18 of 26
Year (2013) 4 of 4
Size (of disclosed) 18 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 Burton s Biscuits

Blackpool, United Kingdom

Burton's Biscuits is a biscuit manufacturer which supplies both quality branded and retailer brand biscuits. It owns and bakes important brands such as Maryland, Jammie Dodgers, and Wagon Wheels and also bakes biscuits for major retailers and global brands. Burton's Biscuits was formed in 2000 and is headquartered in St. Albans, UK, Burton’s operates manufacturing sites in Blackpool, Edinburgh, Llantarnam.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-30 Baywater Healthcare

Crewe, United Kingdom

Baywater Healthcare is an independent specialist provider of Homecare services to patients with long term conditions, delivering a high-quality, cost-effective solution with a focus on customer service and patient care.

Buy -
Mergr

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