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Thistle Initiatives supports Wren Sterling Financial Group to acquire Mutual Financial Management

June 20, 2022

Congratulations to our client Wren Sterling, for announcing its acquisition of advice firm Mutual Financial Management, including discretionary financial management MFDM, subject to FCA approval.

The Investments team at Thistle Initiatives was engaged by Wren Sterling to undertake compliance due diligence on Mutual Financial Management and discretionary financial management MFDM.

Mutual Financial Management partners and staff will join Wren, whilst the business will be rebranded to Wren Sterling. Once the deal is complete, Wren Sterling will have around 240 staff and around 100 advisers.

Wren Sterling’s executive chairman Ian Darby said: “Acquiring a business of this calibre and scale is truly game-changing for us and shows the business’ renewed ambition following Lightyear’s investment.

This is Wren Sterling’s largest deal to date and its first since its secondary management buyout by US private equity firm Lightyear Capital in 2021.

James Dingwall, CEO and Founder at Thistle Initiatives said:

“It has been a pleasure to continue to work with the team at Wren Sterling over the years and on this most recent acquisition. We are excited to see what is next for Wren Sterling and we are looking forward to continuing to support the businesses as it continues to grow”.

Find out more about our Acquisition Due Diligence services or to speak to a member of our expert team, please call 0207 436 0630 or email info@thistleinitiatives.co.uk.