Ludlow Wealth Management Group

Independently owned financial planning business

www.ludco.co.uk

Mobeus invested £8m to support the management buyout of Ludlow Wealth, a North West based financial planning business.

THE 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.

THE DEAL

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.

THE PLAN

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.

THE PEOPLE

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. 

Information

Chris Price
Sector:
Business Services
Type:
Management Buyout
Status:
Current
Date:
June 2017
Value:
£8 million
Leader:
Chris Price