Thistle Initiatives Supports Skerritts in Acquisition of Black Swan Financial Planning
Financial planners, Skerritts, has announced the completion of the purchase of Black Swan Financial Planning. Skerritts engaged Thistle Initiatives' Mergers and Acquisitions team to assess Black Swan Financial Planning’s compliance with FCA regulatory requirements as part of its due diligence process. This acquisition marks the sixth project on which Skerritts has engaged Thistle Initiatives for due diligence support.
The purchase of Black Swan adds over £540 million of AUM and brings the number of deals that the Skerritts Group has completed since the Sovereign investment up to ten.
Charles Sparrow, Chief Financial Officer at Skerritts praised the Thistle Initiatives team - “This is the sixth transaction we have completed with the help of the Thistle Initiatives team. Thank you to Adam Campbell, Dorian Cameron and the Mergers and Acquisitions team for the important role they played in this acquisition, demonstrating their extensive knowledge and expertise in regulatory compliance throughout the entire process.”
Alex Paschalis, Investments Director at Thistle Initiatives, commended the Skerritts team on this successful acquisition. “I want to extend my congratulations to Skerritts on their recent acquisition. It has been a pleasure, once again, working together on this project, and we look forward to continuing our partnership in the future.”
More details on the acquisition can be found here.
Thistle Initiatives offers Acquisition Due Diligence and Change in Control services. For enquiries, you can contact us by calling 0207 436 0630 or emailing info@thistleinitiatives.co.uk.