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Thistle Initiatives Supports Skerritts With Regulatory Due Diligence

Our client, Skerritts, has acquired Chester-based financial planning firm, Chadwick McLean.

The Investments team at Thistle Initiatives was engaged by Skerritts to undertake the regulatory due diligence of the acquisition of the Chester-based advice firm, Chadwick McLean.

Based in Hove, Skerritts operates as a chartered financial adviser and wealth manager. In March 2021, Sovereign Capital Partners, a UK private equity Buy & Build specialist, successfully concluded a substantial investment of £55 million in Skerritts, aimed at advancing the business through a combination of organic growth and strategic acquisitions. This approach has led to the establishment of new offices for Skerritts in Kent, Hampshire, and London.

The acquisition of Chadwick McLean contributes £230 million to the group’s assets under management (AUM), marking the eighth deal completed by the Skerritts Group since the investment from Sovereign.

Paul Feeney, CEO of Skerritts, said: “I am delighted to welcome the great team at Chadwick McLean to the Skerritts family. This takes us one step closer to achieving our mission of becoming Britain’s premier chartered financial planner.”

Alex Paschalis, Investments Director at Thistle Initiatives said: "My congratulations go out to the entire Skerritts team for their recent acquisition of Chadwick McLean. Collaborating with their team on this year's acquisitions has been a pleasure, and we look forward to continued collaboration with them in the years ahead."

To find out more about our Change in Control and Acquisition Due Diligence services or to speak to a member of our expert team, please call 0207 436 0630 or email