PE-backed Skerritts buys Hampshire-based IFA

Last year, South Coast-based IFA and wealth manager, founded in 1990, made nine acquisitions. In March last year, the firm secured a £55m war chest from Sovereign Capital Partners, a UK private equity ‘buy and build' specialist, to fund growth through acquisitions. Before its private equity cash injection, it had completed nine acquisitions. This year, Skerritts has completed three further acquisitions with the purchase of Geoffrey Craig Limited, Saffron Wealth Management and Chartered IFA firm Bradbury Hamilton, which together added about £480m of assets under management (AUM), it said....