Thistle Initiatives advises Shackleton on its acquisition of Parallel Financial
Thistle Initiatives' M&A Services team is pleased to have supported Shackleton by providing regulatory due diligence in connection with its acquisition of Parallel Financial.
Parallel Financial are a London based financial advice firm with an excellent reputation among clients in the creative, media, arts, film, television and technology sectors.
Shackleton CEO Paul Feeney commented:
"I'm absolutely delighted that we have been able to attract founder Malcolm Lyons and the whole talented team at Parallel to Shackleton.
"Our country has long been recognised as a global leader in the creative industries. As Britain's financial adviser, this acquisition positions us exceptionally well to serve the specific needs of clients in fields such as the media and performing arts, which bring such joy to so many of us. It is an honour and a privilege to be able to do so."
The acquisition follows Shackleton Advisers' agreement in April to acquire Hurst Point Group, a transaction described by the business as the largest in its history. Thistle Initiatives also supported that transaction by providing regulatory due diligence.
Following completion of both acquisitions, the combined business will serve more than 44,000 clients nationwide and employ 233 financial advisers and investment managers across 38 offices, supported by a workforce of more than 850 people.
Harry Cotton, Head of M&A at Thistle Initiatives, commented:
"We were delighted to support Shackleton on another acquisition by providing regulatory due diligence. By working closely with stakeholders throughout the transaction, we helped identify key regulatory considerations and provided clear, pragmatic guidance to support the deal process. We look forward to seeing the continued success of the combined business."
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 Financial Conduct Authority regulatory and compliance requirements are meticulously addressed, enabling clients to navigate transactions with confidence. For more information, or to discuss how we can assist with your acquisition needs, please contact us on 0207 436 0630 or via email at info@thistleinitiatives.co.uk.