The Wilkes Corporate Team, led by Kate Hackett, have advised long-standing client Clarkson Wayman Ball (CWB) on the formation of a new group, Radiant Financial Group (Radiant). CWB is one of the founding businesses within Radiant and its management team has also invested into the Group.
Radiant is a new, fresh consolidator of IFA businesses. Its objective is to bring together like-minded firms with a shared vision and values to deliver a truly holistic service to the market. Radiant will provide services to address the full spectrum of financial advice needs of companies, their owners and their employees as private individuals.
As part of the deal CWB Managing Director, Simon Cogman-Hellier, has taken up the role of CEO at Radiant Financial Group and will lead its growth strategy.
Joining Simon on the Board of Radiant are Peter Mann (Chairman), former CEO of Skandia and Vice Chairman at Old Mutual, James Cumming (CFO), former CFO of Complete Cover Group and Krys Wojnarowicz, former COO of CWB, now COO of Radiant.
Radiant has been established with the backing of Apiary Capital, which has invested in the group alongside existing management.
Commenting on the deal, Kate Hackett, Partner in the Corporate Team at Wilkes said: “Myself and the team have always placed huge value on the relationship we have with Simon and the rest of the team at CWB. We were delighted to have been a part of the next stage of their journey. We will be watching their progress with interest and look forward to offering support and guidance to the business going forward.”
When asked about the support provided by Wilkes Simon Cogman-Hellier said: “We are very pleased to have established this new Group, with its focus on culture and client-centric service, and are thankful to the Wilkes team for all their support in the transaction. A great deal of work from everyone involved went into the launch and we are now excited to begin executing on our growth strategy.”
This is the latest in a growing line of M&A work for The Wilkes Partnership, following the completion of deals across a range of sectors including, Financial Services, IT software, FMCG, events and health and social care.
For help and advice relating to your business get in touch with Kate Hackett on 0121 710 5904 or via email at email@example.com.