Ascot Lloyd acquires Central Investment
Dyer Baade & Company acted as exclusive sell-side adviser to Central Investment Services (Scotland) Ltd. (“Central Investment”) in relation to their sale to Ascot Lloyd.
Transaction Overview
Deal Type: Acquisition
Industry/Sector: Asset Management/Wealth Management
Size: Not disclosed
Year: 2021
Mandate: Exclusive sell-side adviser
Lead Partner:
Daniel Baade
Mobile: +44 7471 077086
Email: daniel.baade@dyerbaade.com
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Central Investment, established in 1973 in Aberdeen, is one of the leading IFAs in Scotland. The business advises private and corporate clients on close to £1bn in Assets under Management.
Ascot Lloyd is one of the UK’s leading national firms of independent financial advisers. To support their goal, they continue to grow organically and through acquisitions of efficient, service-oriented IFAs across the country. By following this growth strategy, Ascot Lloyd has become one of the largest and fastest-growing independent financial adviser firms in the country.
Dyer Baade & Company was appointed to complete a full sales process which involved marketing the business to a wide range of investors. Multiple offers were received prior to entering into exclusivity with Ascot Lloyd. Once selected as a preferred partner, Dyer Baade helped structure the deal and project manage the process through to a successful completion within a short period of time, delivering an excellent result for Central’s directors and investors, as well as their clients and staff.
Derek Robertson, Managing Director of Central Investment said: “We are very pleased with the outcome and believe Ascot Lloyd are the perfect home for Central Investment. Our sincere thanks go to Daniel and the team for all their hard work. They did an absolutely outstanding job and the amount of effort and the quality of the work produced has been remarkable. We definitely made the right decision in choosing Dyer Baade to help us through this process.”
Dyer Baade acted as exclusive sell-side adviser to the directors and shareholders of the business and were instrumental in successfully negotiating and managing the transaction from inception to completion.
Daniel Baade, CEO of Dyer Baade & Company and lead on this transaction, concluded: “We are delighted to have supported Derek and his team on this important transaction. Central is one of the largest IFAs in Scotland providing high quality financial advise to a large number of private clients. We are pleased to have found a strategically-aligned home in Ascot Lloyd.”
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.