Thistle Initiatives provides One Four Nine Group with regulatory due diligence support to acquire Rainbird & Co
The Investments team at Thistle Initiatives was engaged by One Four Nine Group to undertake compliance due diligence on the acquisition of the IFA firm Rainbird & Co.
The acquisition marks One Four Nine’s eighth acquisition since its launch in 2021 and expands its nationwide footprint into the Southwest.
It is the first acquisition announced since new chief executive Gabrielle Beaumont took over on 4 July 2023.
Rainbird & Co is a family business advising over 350 clients on their investment, pension and protection needs. With the addition of Rainbird to the One Four Nine family, the Group now has a total of 33 advisers serving 4,300 clients and managing £1.4bn of client assets.
Gabrielle Beaumont said: “We have been looking to establish a Southwest location for some time and Rainbird & Co’s team were a natural fit, sharing our values, culture and long-term goals”.
“I look forward to the contribution the Rainbird team will make to this initiative and to the future of One Four Nine Group”.
Alex Paschalis, Investments Director at Thistle Initiatives said: ‘We would like to congratulate Gabrielle Beaumont on her new role within the business and on this most recent acquisition. Working with One Four Nine Group over the years has always been a pleasure and we look forward to future collaborations working together”.