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Fidelius Group offers advisory services including wealth management, employee benefits and mortgages, as well as a in advice to returning expats. Launched in 1998, Fidelius has grown organically and through M&A expansion and has offices in Bath, Cheltenham, Chelmsford, London and Mansfield.
Söderberg & Partners will take a significant minority stake in Fidelius Group, supporting the expansion of the company and significantly increasing its footprint in the UK market. The investment is subject to FCA approval.
TLT’s corporate team acted for the company in relation to the structuring, documentation and implementation of the investment. The team was led by corporate partner Philip Barratt and corporate senior associate Yervand Agobiani, with support from head of corporate Andrew Webber, James Crotty and Joanna Grover. The deal also involved cross-service expertise from TLT’s tax team, supported by William Ngan and Olivia Curtis, and Samuel Hill in the banking team.
Ian Fowler, COO of Fidelius said: “TLT was an integral part throughout this strategic and complex deal. The team’s patience and in-depth knowledge of navigating complex business structures was central to the execution of this deal.”
Corporate partner at TLT Philip Barratt commented: “The investment from Söderberg & Partners into Fidelius Group demonstrates the continuing level of deal activity in the financial services sector. The wealth management sector in the UK has seen a lot of M&A activity during the last 18 months or so, and we expect to continue to see both consolidation transaction and interest from foreign investors, which should continue to drive growth and development of the sector.
“It was a pleasure to work with Fidelius Group on this deal. We’re pleased to have reached a successful outcome for all and have no doubt that this transaction will support the continued success and growth of Fidelius Group.”
Fidelius Group were also advised by Cavendish, the full-service investment bank for growth and investment companies.
22 January 2024
Insights 27 OCTOBER 2023