Corbel Partners has secured £10m in funding as it plans a “major” acquisition programme which will expand the network and boost its financial advice business.
The UK-wide IFA network based in Warrington said the funding would fund a five-year acquisition drive which would see it buy businesses from inside and outside its network. It plans to "expand its network to nearly 450 advisers, double the number of employees, and increase business turnover to more than £60m". Beechbrook Capital is an SME-focused European private debt specialist. Shaw & Co advised Corbel on the deal. Corbel currently has a turnover of £24m and employs more than 50 people. It is made up of a network of about 180 IFAs who manage £2.4bn worth of client assets. It also...
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