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Clearwater International advises Beech Tree backed Advanta Wealth on raising acquisition debt facilities to support growth


Clearwater International has advised Beech Tree Private Equity (Beech Tree) backed Advanta Wealth, a wealth management business providing holistic financial planning services, on raising acquisition debt facilities to support its continued growth strategy. 

Established in 2012 and with headquarters in London and Glasgow, Advanta Wealth is a leading provider of independent financial advice and investment management services, providing clients with support during critical stages in their life such as retirement planning and investments, estate planning, and wealth distribution. 

Advanta Wealth is at the centre of Advanta Solutions which is a fast-growing, multi-faceted wealth management and complementary services group. Advanta Solutions currently employs c60 people and consistently delivers market leading organic growth rates, with c40 per cent of revenues each year generated from new business, as a result of a highly satisfied customer base and strong service levels. The business has grown the assets which it manages on behalf of customers from less than EUR234 million (GBP200 million) only three years ago to more than EUR584 million (GBP500 million) today.

Following Advanta Solutions’ investment from Beech Tree in December 2020, the business has raised additional debt facilities to pursue its acquisition strategy. This will allow it to further consolidate its strong position in the market and support its buy and build strategy. Clearwater International raised acquisition facilities from NatWest. 

The Clearwater International team consisted of Partner Joe Dyke, Director David Grassby and Senior Associates Kieran Virr and Louise Hooper.  

Craig Webster, CEO, Advanta Solutions, says: “We have built a highly successful business model that involves a corporate sales structure and is different from the rest of the industry. On the acquisition side, we believe there are c3,000 financial advisory firms out there with principal owners either already 60 or approaching 60. We understand that retiring owners are focussed on ensuring a legacy and that their businesses can continue to prosper with both staff and customers looked after appropriately going forward. We are fully committed to doing just that and will target acquisitions with AUM of more than £50m and EBITDA of more than GBP250,000. We have ample firepower to transact multiple acquisitions every year. The Clearwater International’s team’s deep industry knowledge and funding expertise was crucial to us achieving this great outcome, providing us with adequate financing firepower to support our acquisition strategy.”

Joe Dyke, Partner, Clearwater International, says: “Advanta Wealth is well-positioned to deliver its acquisition strategy following the latest line of investment. Craig and the team have built a highly successful business model that provides clients with sound financial advice. Advanta instils confidence in its clients and has a leading reputation in the market, which will only accelerate its business plans in the future.”

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