Elevation Financial set to buy four firms through acquisition programme

Market consolidation

Sophie King
clock • 2 min read

Consolidator Elevation Financial Group (EFG) is set to purchase four financial advice firms through its newly created acquisition programme.

The purchases will help to double the Birmingham-based group size over the next 12 months. Details of the deals are due to be released shortly, it said. The acquisition programme was supported by Dyer Baade & Company, which acted as an adviser to EFG, helping it raise the funds to finance the deals. Dyer Baade CEO Daniel Baade led the fundraising and helped EFG in areas such as creating a business plan, financial modelling, deal structuring and due diligence processes. EFG managing director Tony Smith said: "This is a hugely exciting moment for EFG. The debt raised will allow us to ac...

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