KBS - Financial Services and Wealth Management - Market Insight

M&A ACTIVITY IN THE CYBER SECURITY AND I.T. INFRASTRUCTURE SECTOR

DAVIDSON DEEM ACQUIRED BY LUMIN

KBS DEAL

A Dorset-based company which provides mortgage brokerage services across the UK, Davidson Deem was sold to Lumin Wealth, a part of Swiss financial provider VZ Group and which manages client assets valued at over £1billion.

Chorley-based Perspective, a leading national firm of financial planners and wealth managers which has completed over 100 acquisitions since being formed in 2008, acquired Manchester company PW Financial Management. PW FINANCIAL MANAGEMENT ACQUIRED BY PERSPECTIVE FINANCIAL GROUP

AVA INSURE ACQUIRED BY A-PLAN HOLDINGS

KBS DEAL

London-based AVA Insure, which provides a comprehensive range of home, commercial, property and fleet insurance services, was sold to A-Plan Holdings, which integrated the company into the Aston Lark Group to enhance its growing insurance portfolio.

INEVEXCO ACQUIRED BY ASSUREDPARTNERS

KBS DEAL

InEvexco, a market-leading, Kent-based insurance specialist for the events industry, was sold to AssuredPartners, the 11th largest insurance broker in the US with revenues of over $1billion, which is now investing in UK and Irish firms as part of its international growth strategy. PWM, based in London and the Midlands and which looks after around £5bn of private client assets, acquired Aberdeen-based Johnston Carmichael Wealth to further cement its position as a leading independent UK wealth management firm. JOHNSTON CARMICHAEL WEALTH ACQUIRED BY PARTNERS WEALTH MANAGEMENT (PWM) American national wealth advisory firm Mariner simultaneously announced the transactions of Florida-based AndCo Consulting and Kentucky-based Fourth Street Performance Partners, bolstering its institutional presence by adding 100 associates and bringing an additional $104bn in assets under management. ANDCO CONSULTING AND FOURTH STREET ACQUIRED BY MARINER