Financial Management Bureau (FMB)
Sale to Finitor Wealth
HURST Corporate Finance advised the shareholders of family run financial planning business Financial Management Bureau (FMB) on their sale to Finitor Wealth.
Role
Lead AdvisorService
SellingSector
Communications and ConsultancyWhen Kendal-based, second-generation family business FMB were approached by a private equity backed investment vehicle, seeking to acquire regional, independent IFAs, they turned to HURST Corporate Finance (HURST) to assist them.
Through a challenging, complex process that involved new equity being issued in the acquiring entity and a complex earn-out that gave the exiting shareholders every chance to realise maximum value, Max Perry was able to deliver a deal that allowed management the security and support to grow FMB and the shareholders the ability to realise their value.
FMB are a proud firm of independent financial planners with over 30 years’ experience supporting both individuals and businesses through Cumbria and beyond. They are seven times winners of Best Financial Advisors to work for.
Finitor was founded in 2018 and, through its regional partner firms, provides independent financial advice to individuals, families, and businesses, who need objective assistance in organising their financial affairs to achieve financial and lifestyle objectives.
Finitor is led by Finitor’s founders, Paul Stokes (CEO) and Richard Rhodes (chief financial officer). They are supported by an experienced senior management team and chairman Kevin Ronaldson.
FMB continues to drive its business forward autonomously with support from Finitor.
“We’re delighted to have been afforded the opportunity to act for the shareholders of FMB on the sale to Finitor, which gives the business a platform from which it can enjoy a prolonged period of growth and prosperity.”
