Tresmares Capital has backed independent financial planning and wealth management group Throgmorton Capital Management, providing an eight-figure committed debt facility and further uncommitted debt facilities to support its ongoing buy-and-build growth strategy.
Throgmorton, headquartered in the North-West of England and established in 2018, currently operates from four physical locations servicing clients nationally. To date, the group has successfully completed 14 acquisitions. The new facilities will enable Throgmorton to continue its disciplined acquisition strategy within the fragmented IFA sector, supporting further expansion of its adviser base, client offering and regional footprint.
Alasdair McWilliams, Director at Throgmorton Capital Management, commented:
“We are very pleased to have completed this debt refinancing, which represents a further step forward for the company and our growth strategy. We are delighted to be working with Tresmares, whose depth of experience in supporting businesses in the IFA sector made them a natural fit. We value the confidence they have shown in our strategy, our team, and our business.”
This transaction marks Tresmares’ fourth investment in the wealth management sector. The transaction was led by Saul Proctor with support from James Walker.
Saul Proctor, Investment Director at Tresmares, said:
“At Tresmares, we have strong conviction in the IFA market and in backing management teams with the ambition and capability to build market-leading platforms. Throgmorton exemplifies this, and this refinancing reflects the significant progress the business has made in executing against its consolidation strategy. We are delighted to be supporting Throgmorton and providing the capital runway to continue their acquisition programme. It has been a pleasure working with Shaw & Co and the management team throughout what has been a smooth and efficient process.”
Phil Arbour, CEO of Tresmares Capital UK said:
“Tresmares has developed deep expertise in financing IFA consolidators and we are delighted to be backing Alasdair and Brendon, who have created a well-run business poised for further growth and success”.
Advisors: Eversheds Sutherland and Browne Jacobson (Legal), Cortus Advisory (Financial), Thistle Initiatives (Regulatory) and Shaw & Co (Debt Advisory)
cloud technology axon
Addleshaw Goddard (AG), the London-headquartered international law fir...
