M&A Deal Summary

Harwood Wealth Management Group Acquires Ae Financial Services

On March 19, 2018, Harwood Wealth Management Group acquired business services company Ae Financial Services from AE Insurance Services for 5M GBP

Acquisition Highlights
  • This is Harwood Wealth Management Group’s 2nd transaction in the Business Services sector.
  • This is Harwood Wealth Management Group’s largest (disclosed) transaction.
  • This is Harwood Wealth Management Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2018-03-19
Target Ae Financial Services
Sector Business Services
Buyer(s) Harwood Wealth Management Group
Sellers(s) AE Insurance Services
Deal Type Divestiture
Deal Value 5M GBP

Target

Ae Financial Services

Southampton, United Kingdom
Ae Financial Services Ltd. is an established Independent Financial Advisory firm that focus on the goals that are important to you, by treating situation individually and always with the long-term in mind.

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Buyer(S) 1

Buyer

Harwood Wealth Management Group

Hampshire, United Kingdom
Category Company
Founded 2001
Sector Business Services
DESCRIPTION

Harwood Wealth Management Group Plc is a financial planning and discretionary wealth management firm. The Group is based in Waterlooville, Hampshire and currently has more than 80 financial advisers who provide financial planning and wealth management advice to retail investment clients, as well as to a number of companies. Harwood Wealth Management currently has in excess of £3bn of assets under Influence. Through its Financial Advisers the Group offers a broad range of wealth management and financial planning services to its clients, including but not limited to: investment management; pension and retirement planning; tax and inheritance planning; life cover and family protection; and mortgages.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 Network Direct

Staffordshire, United Kingdom

Network Direct Ltd. is a network of financial advisers based in Wolverhampton, West Midlands, with 107 advisers spread across England, Wales, Scotland and Northern Ireland. The company was incorporated in 2009 and is based in Wolverhampton, United Kingdom.

Buy £4M

Seller(S) 1

SELLER

AE Insurance Services

Southampton, United Kingdom
Category Company
Founded 1982
Sector Insurance
DESCRIPTION

AE Insurance Services Ltd. is a risk advisor and insurance broker. Company have built on the highest standards of service and market knowledge. Company are dedicated to client service and this is the core of professional practice as advisors and insurance brokers.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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