Thistle Initiatives Supports Wren Sterling in Acquisition of In Focus Group
The leading national independent financial advice firm, Wren Sterling, has announced the completion of its purchase of In Focus Group. Wren Sterling engaged Thistle Initiatives' Mergers and Acquisitions team to audit In Focus Group’s compliance with FCA regulatory requirements as part of its due diligence process and provided support with their S178 Change in Control application to the FCA.
The deal is Wren Sterling’s third acquisition of 2024, following the purchases of TW Financial and the Howe Maxted Group in March and July, respectively.
The In Focus Group is led by Managing Director Nick Stewart and comprises two other companies previously acquired by In Focus: Certus and Hughes Carne. Nine advisers and ten support team members will transfer to the Wren Sterling Group.
Wren Sterling’s Chief Executive, James Twining said: “Nick and his team have built a business through careful acquisition but also high levels of entrepreneurialism, which aligns with our strategy to give our advisers the freedom to grow their business.”
Henry Blunt, Acquisitions Director at Wren Sterling, commented on the service received from Thistle Initiatives: “Thank you to the Mergers and Acquisitions team at Thistle for their assistance in getting this deal across the line, from both a regulatory compliance perspective, as well as providing guidance and assistance with the S178 Change in Control process.”
Alex Paschalis, Investments Director at Thistle Initiatives, commended the Wren Sterling team on another successful acquisition: “Congratulations to Wren Sterling on this most recent acquisition. It was a pleasure working together on this project, and we look forward to continuing our partnership in the future.”
Thistle Initiatives offers Acquisition Due Diligence and Change in Control services. For enquiries, please contact us by calling 0207 436 0630 or emailing info@thistleinitiatives.co.uk.