Copper Street Capital invests in One Four Nine Group
Dyer Baade & Company acted as lead adviser to Copper Street Capital LLP (“Copper Street”) in relation to their investment in One Four Nine Group Ltd. (“One Four Nine”).
Transaction Overview
Deal Type: Investment
Industry/Sector: Asset Management/Wealth Management
Size: Not disclosed
Year: 2021
Mandate: Lead adviser
Lead Partner:
Daniel Baade
Mobile: +44 7471 077086
Email: daniel.baade@dyerbaade.com
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Copper Street Capital, the private equity investor focused on the European financial services sector, has agreed terms to provide significant capital to support the growth strategy of One Four Nine Group, a new independent financial advice and fund management group in the UK market.
This is the third investment by Copper Street Capital in the European financial services sector following its investment in debt purchase and collection firm Lantern in 2017, and as lead investor in the 2018 fundraising round of Italian mobile payments service, Satispay.
One Four Nine Group’s aim is to facilitate the growth of leading financial advice firms around the country by providing capital, creating economies of scale and offering infrastructure support. Through acquisition and integration, it plans to build a nationwide business serving the £2.7 trillion market for savings and investments in the UK.
Copper Street has provided investment for One Four Nine Group to complete its first two acquisitions as part of meeting this goal. Charter Financial Planning and Rice Whatmough Crozier are both based in the North West of England and collectively advise over 700 clients with c.£300 million of assets under advice. Going forwards, One Four Nine will focus its acquisition strategy across the UK with a bias towards financial advice firms that are owned by or form part of professional services firms.
One Four Nine Group is founded and led by Chief Executive Officer Matthew Bugden. A highly experienced leader in wealth management, investment and broader financial services, he has spent the past 35 years working in the industry for companies including Natwest and the Ingenious Group.
Alongside building its network of high-quality advisers, One Four Nine will also operate its own competitively priced, in-house discretionary fund management business, offering clients active, passive and sustainability-focused investment options.
Daniel Baade, CEO of Dyer Baade & Company and lead on this transaction, concluded: “We are delighted to have supported Copper Street Capital on this exciting investment. One Four Nine 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.