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EMC Corporate Finance is pleased to announce it has continued its support of Skerritts with two new acquisitions completed in March. The EMC team, led by Ryan Smith, provided origination and buy side support on both transactions.

These deals are completed less than 12 months since EMC worked alongside Sovereign Capital Partners and Skerritts to support Sovereign’s £55m investment into the business. The objective of Sovereign’s investment is to develop and expand the business through a strategy of organic and acquisitive growth.

Previously, Skerritts had made nine acquisitions but with Sovereign’s backing, a more ambitious plan to grow was introduced. Skerritts has completed two acquisitions with the purchase of Geoffrey Craig Limited (‘Geoffrey Craig’) and Saffron Wealth Management, growing assets under management by circa £150 million.

Richard Skerritt, CEO of Skerritts says

“We are delighted to have completed these latest deals, adding great people to the team and helping us with our national growth strategy. Geoffrey Craig really builds on our presence in the South East and we are currently in advanced talks with a number of firms throughout the UK as we look to expand.

EMC were instrumental in originating these opportunities for Skerritts and we have been impressed with the strength of their network and understanding of the IFA marketplace.”

Ryan Smith, Director at EMC continued

“Having supported the investment last year it has been a pleasure to continue to work alongside Skerritts and Sovereign assisting in the execution of their buy and build strategy. The appetite for good IFA businesses continues to be positive and Skerritts have a very strong proposition to offer owners considering their exit plans.”

Skerritts is looking to build a national presence, through the establishment of regional offices throughout the UK over the next five years.

The EMC Corporate Finance team, led by Ryan Smith, provided origination and buy side support to Skerritts. Legal advice was provided by Pinsent Masons.

Mark Williams of Gaby Hardwicke provided legal advice to both sellers.

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