PE-backed Skerritts adds £1bn in AUM with Ellis Bates acquisition

Skerritts, a Hove-based private equity-backed Chartered financial planning business, said the deal had gained regulatory approval and would complete on 30 September. It added the acquisition would boost its presence in the north of England as it "looks to accelerate its expansion nationally". In March 2021, Sovereign Capital Partners, a UK private equity ‘buy and build' specialist, made a £55m investment in Skerritts backing its acquisition strategy. The business has since bought IFA firms in Chester, Kent, Hampshire, Surrey and London. The Ellis Bates deal is the firm's eleventh since S...