Apiary Capital acquires Radiant Financial Group
Dyer Baade & Company acted as lead financial adviser to Apiary Capital in relation to their acquisition of Radiant Financial Group.
Transaction Overview
Deal Type: Acquisition
Industry/Sector: IFA/Wealth Management
Size: Not disclosed
Year: 2020
Mandate: Lead Buy-side adviser
Lead Partner:
Stuart Dyer
Mobile: +44 7881 220426
Email: stuart.dyer@dyerbaade.com
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Radiant Financial Group is a financial advisory company with a buy-and-build acquisition strategy in the wealth management sector. CWB, Radiant’s cornerstone acquisition, is an award-winning group specialising in financial advice, tax planning, employee benefits and business consultancy services. The group consists of 20 independent financial advisers with £800m of assets under management. Radiant’s management team is led by experienced industry leaders Simon Cogman-Hellier (CEO) and Peter Mann (Chairman), each of whom have been involved in the financial services industry for more than 40 years.
Apiary Capital is a leading lower mid-market private equity firm. Apiary Capital invests in the education, healthcare, financial, business and technology services sectors. The firm seeks to acquire platform companies in attractive markets and supports management teams to accelerate growth through roll-ups, roll-outs, and strategic acquisitions. Apiary Capital closed its first fund at £200 million in June 2018 and typically invests in businesses valued between £10 million and £75 million.
Jeniv Shah, Partner at Apiary Capital, said: “We are delighted to be supporting Simon and Peter’s ambitious growth plans. CWB is a high-quality group, with a clear strength in compliance and client-centric service, all underpinned by their culture. This is an excellent foundation on which to build the Radiant Group.”
Dyer Baade acted as lead buy-side adviser to Apiary on this transaction.
Stuart Dyer, Chairman of Dyer Baade & Company and lead on this transaction, concluded: “We are delighted to have supported Apiary on this exciting investment. radiant is a business with enormous potential. We wish them all the best and look forward to seeing the business thrive going forward.”
About Dyer Baade & Company
Dyer Baade & Company is an independent corporate finance boutique. We are M&A specialists in financial services and other complex sectors advising entrepreneurs & business owners, private equity & financial investors as well as trade buyers & strategic investors. For more information go to dyerbaade.com.