NEW YORK and LONDON, Jan. 27, 2021 /PRNewswire/ — Flexpoint Ford, a private fairness financial commitment business specializing in the financial solutions and healthcare industries, introduced that it has entered into an agreement to acquire AFH Financial Group plc (“AFH”), a leading United kingdom monetary planning-led wealth administration organization.
“We believe that the United kingdom wealth administration market is currently undergoing an important transition, as regulatory and demographic tendencies are driving growing demand from customers for higher excellent money suggestions that can be satisfied by IFA corporations with a extensive-time period and client-centric view. In addition, the sector is really fragmented, which offers an opportunity to service consumers much better and make value by way of consolidation,” said Steven Begleiter, Taking care of Director of Flexpoint Ford.
“We are delighted to announce our first platform expenditure in the British isles,” additional Daniel Edelman, Running Director of Flexpoint Ford. “Since its founding more than 20 several years back, AFH’s management team has shown long-expression progress both equally organically and as a result of acquisitions. Flexpoint shares the management team’s vision for progress and thinks the upcoming phase of AFH’s development would be better carried out in the non-public domain. We believe that our partnership will reinforce the enterprise and glimpse forward to supporting administration in the foreseeable future.”
“Since our IPO in 2014, AFH has developed to turn into a major manufacturer in the financial preparing-led prosperity management current market,” claimed Alan Hudson, Main Executive Officer of AFH Financial Group plc. “The Govt Directors and I have usually sought to supply on our tactic of natural and M&A-led expansion, but in new several years this has been curtailed by currently being an Aim-quoted enterprise. We believe that the supply demonstrates our robust monitor document of raising shareholder value, Flexpoint’s endorsement of our strategy and self-assurance in the ongoing good results of AFH, as nicely as further more investment essential in the enterprise.”
Hudson ongoing, “Through its portfolio of primary economic expert services investments, Flexpoint has demonstrated its sturdy monitor document of partnering with entrepreneurial corporations, and the Government Directors and I feel there is a fantastic strategic and cultural fit for clientele, employees and broader stakeholders. With the backing of Flexpoint’s know-how and entry to capital, we believe that we will be ready to speed up the supply of our technique. The Executive Directors and I believe that the demand for specialist financial scheduling-led financial commitment products and services will carry on to expand and that AFH partnered with Flexpoint will be capable to company increasing shopper needs and improve industry share.”
The acquisition has been unanimously accepted by the Independent Directors of AFH and is pending equally regulatory and shareholder acceptance. AFH will continue to serve its consumers, as regular, with no interruption.
It is intended that the transaction will be executed by means of a Courtroom-sanctioned scheme of arrangement under Section 26 of the Firms Act.
The transaction is conditional on, among other factors, approval of the Money Perform Authority of the change of regulate of AFH Economical Group plc.
Raymond James Fiscal Intercontinental Limited is performing as distinctive economic advisor, and Kirkland & Ellis Intercontinental LLP is acting as lawful advisor to Flexpoint Ford.
For complete facts of the offer you you should see the Rule 2.7 announcement at: https://afhwm.co.british isles/trader-relations/bulletins/
About AFH Monetary Group plc
AFH (Aim: AFHP) is a main United kingdom money scheduling-led wealth administration firm primarily based in the Midlands with places of work throughout the Uk. Launched in 1990 by Alan Hudson (Main Executive Officer), the AFH Group offers prosperity administration and monetary advisory solutions to around 20,000 clientele in the British isles. These expert services are delivered by above 450 skilled advisers and 400 assist team.
Due to the fact its IPO in 2014, AFH Group’s strategy has focused on rising shareholder worth by a blend of natural and organic expansion via larger productivity of advisers and by benefit accretive acquisitions financed on an earn-out model (acquiring made around 50 acquisitions considering the fact that IPO). In September 2019, pursuing suggestions from shareholders, the AFH Group announced a target on natural progress.
About Flexpoint Ford, LLC
Flexpoint Ford is a private equity financial investment agency that has raised far more than $4.3 billion in capital and specializes in privately negotiated investments in the monetary services and healthcare industries. Considering that the firm’s formation in 2005, Flexpoint Ford has accomplished investments in more than 30 corporations throughout a wide array of financial commitment measurements, buildings and asset courses. Flexpoint Ford is headquartered in Chicago with extra workplaces in New York. For additional information about Flexpoint Ford, make sure you go to www.flexpointford.com.
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