Clifton Asset Management secures significant investment to pursue acquisition opportunities
Dyer Baade & Company acted as exclusive financial adviser to Clifton Asset Management and its shareholders on a debt raise through BOOST&Co to finance an extensive acquisition program.
Transaction Overview
Deal Type: Debt Advisory
Industry/Sector: Asset Management/Wealth Management
Size: Not disclosed
Year: 2022
Mandate: Exclusive financial adviser
Lead Partner:
Daniel Baade
Mobile: +44 7471 077086
Email: daniel.baade@dyerbaade.com
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Dyer Baade & Company acted as exclusive financial adviser to Clifton Asset Management and its shareholders on a debt raise through BOOST&Co to finance an extensive acquisition program. The funding will be used to support the firm’s buy-and-build strategy as it realises an extensive pipeline of opportunities.
Clifton’s acquisition of Leonard Gold Financial Management and Plan for Life in the past two years marked the start of its recent expansion plans and the group intends to acquire several more businesses with the support of the funding from BOOST&Co. This will create a number of additional jobs and optimise both the experience and services provided to clients. In addition, the loan will enable the business to continue its technological innovation, ensuring that this is at the forefront of its proposition.
Clifton Asset Management offers specialist financial and administrative services and technology to businesses, financial advisers and individuals. Some of the services provided include financial planning, back office technology, pensions administration, fund management, investment platforms and business funding.
BOOST&Co has chosen to work with Clifton Asset Management due to its strong and highly experienced executive management team. The business is long-established, with an excellent reputation in the industry as a driver of technology and innovation. There are a number of exciting opportunities ahead for the company, which makes it an appealing investment choice.
Anthony Carty, Financial Planning Director at Clifton Asset Management, says: “This funding from BOOST&Co will enable us to accelerate our growth, adding to our network of businesses and enhancing the services that we offer. It comes at a really exciting time for the company and we are looking forward to pursuing the many opportunities coming our way, with the support of this investment.”
Kim Martin, Head of South and Midlands at BOOST&Co, says: “We are really pleased to support the Clifton team as they continue to deliver their exciting expansion plans for the group. The company has gone from strength to strength since its recent acquisition of Leonard Gold in 2021 and the funding from BOOST&Co will provide support by bringing an extensive pipeline of acquisition opportunities into the Clifton fold.”
Dyer Baade & Company acted as exclusive financial adviser to Clifton Asset Management. Over the last couple of years Dyer Baade provided comprehensive strategic advice to the management team leading into a clearly defined buy-and-built strategy. To find the best financing partner, Dyer Baade provided a comprehensive debt advisory service, including financial modelling, presenting the business to a range of potential lenders, deal structuring, securing credit approvals, negotiating terms and providing input for the legal documentation process. Daniel Baade, Chief Executive and Stuart Dyer, Chairman said: “It was a pleasure to advise on this funding deal, which will bring huge benefit to Clifton Asset Management and ensure that the business can continue on its growth journey and fulfil its expansion ambitions.”
Dyer Baade & Company specialises in transactions in the asset management/wealth management space. Read more about our expertise here.
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.