ThinCats provides debt funding to support HFMC Wealth acquisition strategy
ThinCats, an alternative lender to mid-sized SMES, has provided funding to support HFMC Wealth’s ongoing acquisition strategy. Established in 1987 HFMC Wealth is an award winning chartered financial planner with offices in London and Weybridge.
ThinCats worked closely with debt adviser finnCap Group to structure a senior debt facility to refinance an existing Natwest facility and fund HFMC Wealth’s recent acquisition of financial planner Aspinalls Group.
The purchase of Aspinalls adds assets under management (AUM) of over GBP130 million and brings total AUM for HFMC Wealth to more than GBP1.4 billion. The acquisition represents a return to M&A for HFMC Wealth following their previous acquisition of Generic Financial Management (in October 2018) as management continues to progress their ambitious growth strategy.
Jeremy Hoyland, CEO of HFMC Wealth: “Identifying and acquiring suitable financial planning firms is central to our growth strategy. The funding put in place allows us to pursue other potential acquisitions with like-minded wealth and financial planning firms. We were delighted to work with finnCap and ThinCats on the purchase of Aspinalls and look forward to working together on future acquisitions, providing the range of services to clients normally associated with a Private Bank.
Alistair Hay, Partner and Head of Debt Advisory at finnCap Group: “We are grateful for the opportunity to work with Jeremy and his team on financing this important acquisition. In ThinCats, the Group has a supportive, long-term financing partner who invested the time in understanding the business and tailored a debt structure accordingly. We look forward to working together with both parties in the future.”
Dave Sherrington, Regional Head of Sales, and Stuart Thompson, Director Regional Business Development, ThinCats, says: “It was a pleasure to work with Jeremy and Alistair in shaping the debt solution for this transaction. Wealth management is a long-term growth sector and HFMC’s clear strategy and experienced leadership mean they are well-positioned for further growth.”