PE-backed Skerritts purchases Kent-based advice firm

This acquisition brings in an additional £62m of assets under management (AUM) and further extends Skerritts' presence in Kent as the group looks to continue to grow across the south c. In March last year, the south coast-based IFA and wealth manager, founded in 1990,  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. In 2022, Skerritts said it had completed four further acquisitions with the purchase of Geoffrey Cra...