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James Cowper Kreston provide transaction support for HFMC Wealth’s acquisition of Aspinalls Group

3 February 2020

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James Cowper Kreston’s corporate finance team recently provided transaction support to HFMC Wealth on the acquisition of London based financial adviser, Aspinalls Group.

HFMC Wealth has been operating since 1986 and provides wealth planning and investment management to both high net worth individuals and businesses.  HFMC is owned by its employees and prides itself on providing clients with objective advice that is aligned to their best interests.  HFMC Wealth has over £1 billion in assets under management.

The acquisition of Aspinalls Group adds £130m assets under management, 100 clients and £1m annual recurring revenue to HFMC Wealth’s business.  This follows the successful acquisition and integration of Generic Financial Management In October 2018.

The corporate finance team provided financial due diligence services as part of the acquisition. The team’s findings assisted in the acquisition decision and financing process which allowed HFMC to continue executing its growth strategy.

Brad McAvoy, Corporate Finance Director at James Cowper Kreston said: “It was great working with HFMC again following our involvement on the Generic Financial Management acquisition in 2018.  It is very satisfying to support a growing business and dedicated team which has a clear growth strategy.”

Steve Dunn, Group Head of Finance for HFMC Wealth, said: “We were extremely pleased with the responsiveness and service provided by Brad and the due diligence team at James Cowper Kreston.  Their work was an important part of the deal process and we look forward to working with James Cowper Kreston again in future.”