Skerritts secures double acquisition

Sovereign Capital Partners is pleased to announce that Skerritts, our Independent Financial Advisory (IFA) and wealth management business, has completed two significant acquisitions.

The companies, Black Swan Financial Planning in London, and KMG in Horley, Surrey, add more than £900m to Skerritts’ assets under management, and enhance the group’s presence in London and the South East of England as it continues to expand its national footprint.

Sovereign invested in Skerritts in 2021 and we have completed a total of 13 acquisitions to date. In December 2023, Skerritts made its first entry into the North West market with the addition of Chadwick McLean, a Chester-based IFA.

Alex Hay, Partner, Sovereign Capital Partners, said: "We are delighted to support Skerritts in these strategic acquisitions, which mark another milestone in their impressive growth journey. The addition of Black Swan and KMG significantly strengthens Skerritts' presence in key regions and enhances their ability to provide exceptional financial advisory and wealth management services to clients across the UK. Our ongoing partnership with Skerritts exemplifies our commitment to backing ambitious businesses with the potential for substantial growth and development."

Notes to editors:

About Sovereign Capital Partners

Sovereign is a specialist investor focused on partnering with talented management teams and high-quality businesses, in specific service-based sectors, to deliver accelerated growth both in the UK and internationally. We do this through our proven strategy of Buy & Build. Whether through organic growth, acquisition or a combination of both, we provide strategic investment and look for innovative ways to create not just value, but businesses we are truly proud of. Sovereign Capital Partners LLP is authorised and regulated by the Financial Conduct Authority.

About Skerritts

Skerritts is an award-winning Independent Financial Adviser and Wealth Manager focused on providing lifelong financial advice to aid the realisation of clients’ long term financial objectives. Skerritts has been assisting families, directors, businesses, charities and trustees for over 30 years and are one of a select number of firms to hold Chartered Financial Planning and Discretionary Investment Manager status.

Advisers

Sovereign would like to thank its advisers on this deal which include Dyer Baade and Pinsent Masons for both transactions, and EMC Corporate Finance for KMG.