On 8 March 2024, Pollen Street Capital, a private equity company, announced a recommended offer to acquire Mattioli Woods, a UK-based advice firm with £15bn in assets under management and 20,000 clients. The offer remains subject to shareholder and regulatory approvals, taking the number of advice firms in the UK backed by private equity to 37.
Pollen Street Capital engaged Thistle Initiatives' Mergers and Acquisitions team to assess Mattioli Woods' compliance with regulatory requirements as part of their due diligence. In its announcement, Mattioli Woods stated that the acquisition offers an attractive offer for its shareholders while also providing an opportunity to accelerate growth across its core pillars of advice, investment, and administration.
"The Thistle Initiatives' Mergers and Acquisitions team played a vital role in this acquisition, showcasing their compliance expertise throughout the process." - George Harwood, Pollen Street Capital
Alex Paschalis, Investments Director at Thistle Initiatives, congratulated the Pollen Street team on this successful acquisition. "I would like to extend my congratulations to the Pollen Street team for this successful acquisition. It has been a pleasure collaborating with Pollen Street on this project. We look forward to a continued partnership with them in the years to come."
Thistle Initiatives offers Acquisition Due Diligence and Change in Control services, and you can contact them by calling 0207 436 0630 or emailing info@thistleinitiatives.co.uk.