Thistle Initiatives Advises Lantern Group on Its Acquisition of Ascent
Thistle Initiatives’ M&A Services team is delighted to have supported Lantern Group with its regulatory due diligence on its acquisition of Ascent Performance Group from Irwin Mitchell.
Through the addition of Ascent, Lantern Group will broaden its capabilities and create opportunities to expand client offerings across consumer credit, banking, financial services, and other regulated sectors.
Ascent is one of the UK’s leading specialist debt recovery law firms, recognised for its ethical approach, regulatory discipline and focus on customer engagement. The business will join Lantern Group’s growing financial services portfolio alongside Lantern and Sonex Financial, subject to regulatory approval.
This acquisition strengthens Lantern Group’s capabilities across the credit lifecycle, covering collections, recoveries, litigation, enforcement, field services and loan servicing. Ascent will continue to operate as an independent business, retaining its people, strategy and Manchester headquarters. Hayley Owen will step into the role of Managing Director.
Matthew Williamson, Partner at Thistle Initiatives, commented:
“Congratulations to Lantern Group and the Ascent team. This is an exciting move that builds further strength across Lantern’s service offering. Our M&A specialists were pleased to support the buy‑side diligence, and we look forward to further supporting Lantern again as the business continues to expand.”
About Thistle Initiatives
Thistle Initiatives specialises in Acquisition Due Diligence and Change in Control services, guiding businesses through every phase of the acquisition process.
Our expert team ensures that all FCA regulatory and compliance requirements are meticulously addressed, allowing you to navigate transactions with confidence. For more information or to discuss how we can assist with your acquisition needs, please reach out to us at 0207 436 0630 or via email at info@thistleinitiatives.co.uk