Mattioli Woods acquires advice firm in £7m deal

Jenna Towler
clock

Mattioli Woods is to acquire advice firm Boyd Coughlan in a £7m deal and has also announced plans to raise a more than £18m from shareholders to fund further growth.

The business, based in Buckingham, provides advice to both corporate and personal clients and generates strong margins and recurring revenues, with more than £160m of assets under advice.  Boyd Coughlan's management team will be retained by Mattioli Woods following the acquisition, which is expected to be “earnings enhancing in the first full year of ownership”.  The wealth manager and pension specialist also plans to raise more than £18m through a firm placing of 2 million shares and a conditional placing of 1.8m shares at a 490p each. Further reading: Fresh trends in adviser acqu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Asks: How much confidence do you have in chancellor Rachel Reeves?

PA Asks: How much confidence do you have in chancellor Rachel Reeves?

This week’s poll also looks at SIPP operator concerns and cryptocurrency

Professional Adviser
clock 17 January 2025 • 1 min read
Feel Good Friday: Cirencester Friendly's financial support initiative gives £69,116 in 2024

Feel Good Friday: Cirencester Friendly's financial support initiative gives £69,116 in 2024

Its 125 Foundation provides support to members suffering hardship

Professional Adviser
clock 17 January 2025 • 1 min read
Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise

Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise

Migration into single platform in H1 2025

Cristian Angeloni
clock 16 January 2025 • 2 min read