PE-backed Skerritts adds £1bn in AUM with Ellis Bates acquisition

Largest deal to date for Paul Feeney-led Chartered financial planner

Jenna Brown
clock • 1 min read

Skerritts is set to complete its largest acquisition deal so far with the purchase of Harrogate-based advice firm Ellis Bates Financial Advisers (Ellis Bates) adding more than £1bn in assets under management (AUM).

Skerritts, a Hove-based private equity-backed Chartered financial planning business, said the deal had gained regulatory approval and would complete on 30 September. It added the acquisition would boost its presence in the north of England as it "looks to accelerate its expansion nationally". In March 2021, Sovereign Capital Partners, a UK private equity ‘buy and build' specialist, made a £55m investment in Skerritts backing its acquisition strategy. The business has since bought IFA firms in Chester, Kent, Hampshire, Surrey and London. The Ellis Bates deal is the firm's eleventh since S...

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

Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

20% on EU, 10% on UK

Sorin Dojan
clock 03 April 2025 • 2 min read
Model portfolios continue to dominate UK adviser channel sales in H2 2024

Model portfolios continue to dominate UK adviser channel sales in H2 2024

ISS MI report reveals rising net sales with model portfolios driving growth

Sahar Nazir
clock 03 April 2025 • 3 min read
IFA buyout deal pace slows while transaction value increases - NextWealth

IFA buyout deal pace slows while transaction value increases - NextWealth

More consolidation of consolidators predicted

Jenna Brown
clock 03 April 2025 • 2 min read