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Announced

Completed

Mattioli Woods completed the acquisition of Doherty Pension & Investment for £15m.

Financials

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Transaction Value£15m
Consideration TypeContingent Deferred Consideration, Ordinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales5.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Single Bidder

Completed

Majority

Financial planning firm

investment management

Acquisition

Asset Managers and Custodians

pension expertise

Domestic

Private

discretionary investment

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Synopsis

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Mattioli Woods, a wealth and asset management business, completed the acquisition of Doherty Pension & Investment, a financial planning and wealth management businesses in Northern Ireland, with specialist pension expertise and a discretionary investment management offering, for £15m. "It is very rare that such a great opportunity to bring one of the largest financial planning businesses in Northern Ireland into the Mattioli Woods Group presents itself. In over 30 years of operations, Doherty's has built a solid and respected reputation, with integrity and professionalism at the heart of its client service. It was clear from our initial discussions that Doherty's is a great fit culturally and strategically, including a focus on long-term client relationships, serving a similar client base to our existing business. This acquisition is an important step forward for Mattioli Woods, strengthening our position as the only SSAS and SIPP operator based in Northern Ireland. We are delighted to welcome Terry, Alan, John and their team into the Group. There are many complementary elements between our businesses enhancing our specialist pension, discretionary portfolio management and financial planning propositions. We believe the range of products and services that Mattioli Woods has to offer can support the excellent outcomes from which Doherty's clients already benefit." Michael Wright, Mattioli Woods Group Managing Director.

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