Ludlow Wealth Management Group
Independently owned financial planning business
Mobeus invested £8m to support the management buyout of Ludlow Wealth, a North West based financial planning business.
Ludlow is a financial planning business with over £850m of assets under management, more than 2,000 clients and a strong reputation for client service. Founded in 1993, Ludlow integrated 12 acquisitions between 2008 and 2013, establishing a network of five regional offices, with headquarters in Southport.
Mobeus provided a combined debt and equity package to fund the MBO, taking a majority stake alongside the incumbent management team, who rolled over the majority of their value.
Ludlow has a clear strategy to continue to build its regional focus and assets under management both organically and through a series of additional strategic acquisitions. Mobeus will look to inject further funds to support these acquisitions as part of a buy-and-build strategy.
Chris Price led the deal for Mobeus, supported by Freddie Bacon. Justin Maltz has joined the Board. Phil Young, formerly Founding Partner and Managing Director of Threesixty Services LLP, has joined Ludlow as Chairman.
- Business Services
- Management Buyout
- June 2017
- £8 million
- Chris Price