Elevation Financial Group raises significant funds for an extensive acquisition program
Dyer Baade & Company acted as exclusive financial adviser to Elevation Financial Group (EFG) and its shareholders on a debt raise through Shawbrook Bank to finance an extensive acquisition program.
Transaction Overview
Deal Type: Debt Raise
Industry/Sector: IFA/Wealth Management
Size: Not disclosed
Year: 2021
Mandate: Exclusive financial adviser
Lead Partner:
Daniel Baade
Mobile: +44 7471 077086
Email: daniel.baade@dyerbaade.com
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EFG is a privately owned company headquartered in Birmingham. The group was formed in 2011 and has established itself as a specialist National consolidator of Independent Financial Adviser (IFA’s) practices throughout the UK. The group has offices in London, Birmingham and Nottingham and advises clients on more than £400m AUA.
The debt raise is a pivotal moment in the firm’s history as it will allow EFG to acquire up to four businesses and double the group’s existing size in the next 12 months.
The debt raise was led by Dr. Daniel Baade, CEO of Dyer Baade & Company, who advised management on all steps of the process. The services provided by Dyer Baade included the development of a strategic business plan, financial modelling, presenting the opportunity to potential lenders, deal structuring, negotiation of terms, securing credit approvals, coordinating the due diligence processes etc.
Tony Smith, Group Managing Director of EFG commented: “This is a hugely exciting moment for EFG. The debt raise will allow us acquire up to four businesses in 2021 and roughly double our size within a short period of time. I would like to thank Daniel and his team for the outstanding support. Dyer Baade’s strategic advice and deal execution capabilities are truly exceptional.”
Dyer Baade acted as exclusive financial adviser on this project and were instrumental in successfully negotiating and managing the transaction from inception to completion.
Daniel Baade, CEO of Dyer Baade & Company concluded: “We are delighted to have supported Tony and his team on this important transaction. Elevation is a business with enormous potential and the funding provided by Shawbrook will allow the team to accelerate its growth strategy. 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.