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Sovereign Capital Partners completed a £55m investment in Skerritts.

Financials

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Transaction Value£55m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Financial Data and Systems

Single Bidder

mortgage advisory

Private

Completed

United Kingdom

wealth management

financial sercives

Acquisition

Minority

Private Equity

Domestic

Friendly

Synopsis

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Sovereign Capital Partners, a private equity firm, completed a £55m investment in Skerritts, a financial advisory and wealth management firm. “Sovereign’s investment and expertise in financial services, gives us a fantastic opportunity to accelerate our growth ambitions and enhance our capabilities. I am very proud of the business which I established thirty years ago from a home office. As a team, we are dedicated to providing the highest level of care to all our clients. We look forward to further enhancing our capabilities and continuing to deliver the same level of service and care we are recognised for by our customers," Richard Skerritt, Skerritts Founder and CEO

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