Skerritts buys London IFA with PE backing

Skerritts buys London IFA with PE backing

Skerritts Group has bought London-based chartered financial planning firm Bradbury Hamilton using a £55mn private equity investment it secured back in March 2021.

The purchase of Bradbury Hamilton brings in an additional £330mn assets under management for the firm.

Skerritts, which is an IFA and wealth manager based out of Brighton and Hove, said today (August 16) that this deal was the next in “a busy pipeline of acquisitions” the firm is looking to complete this year.

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The firm’s private equity investor is Sovereign Capital Partners, a private equity buy and build specialist.

Its £55mn investment has been used to fuel “an ambitious plan” of both organic and acquisitive growth. 

In March this year, Skerritts completed two other acquisitions with the purchase of Geoffrey Craig Limited and Saffron Wealth Management, adding a further £150mn.

Prior to Sovereign’s backing, Skerritts had made nine aqcuisitions.

“The purchase of Bradbury Hamilton not only brings in a great team of people, and a very strong client bank, but also gives us a strategically important City office, that we will invest heavily in to expand further,” said Skerritts’ chief executive, Richard Skerritt.

“We are finding that our approach to clients and staff resonates with IFAs where the primary focus is to ensure that their clients are well looked after going forward. 

“We have a number of interesting conversations progressing at the moment, so watch this space.”