Ascot Lloyd acquires Prest Financial Services
Dyer Baade & Company advised Ascot Lloyd on their acquisition of Prest Financial Planning (Prest).
Transaction Overview
Deal Type: Acquisition
Industry/Sector: IFA/Wealth Management
Size: Not disclosed
Year: 2019
Mandate: Lead Buy-side adviser
Selected Media: FTAdviser
Lead Partner:
Stuart Dyer
Mobile: +44 7881 220426
Email: stuart.dyer@dyerbaade.com
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Prest is a leading independent financial advisory firm based in Stockport. The firm advises more than 1,000 clients with assets of more than £350m.
Ascot Lloyd is one of the UK’s leading national firms of independent financial advisers. To support their goal, they continue to grow organically and through acquisitions of efficient, service-oriented IFAs across the country. By following this growth strategy, Ascot Lloyd has become one of the largest and fastest-growing independent financial adviser firms in the country.
Dyer Baade acted as lead buy-side adviser to Ascot Lloyd, leading the transaction from the initial bid to completion.
Daniel Baade, CEO of Dyer Baade & Company and lead on this transaction, concluded: “We are delighted to have supported Ascot Lloyd on this exciting investment. Prest is a business with enormous potential. We wish them all the best and look forward to seeing the business thrive going forward.”
About Dyer Baade & Company
Dyer Baade & Company is an independent corporate finance boutique. We are M&A specialists in financial services and other complex sectors advising entrepreneurs & business owners, private equity & financial investors as well as trade buyers & strategic investors. For more information go to dyerbaade.com.