Ganita Wealth launches capital bond to finance acquisitions in UK wealth management sector
UK based fund distribution company Ganita Wealth Limited is launching an investment bond to raise money for a UK-focused acquisition strategy.
The bond’s proceeds are to be invested in buying IFA and asset management companies, specifically in the UK market.
Ganita Wealth has over 80 years of combined experience in the UK and global financial services sector, has rapidly expanded its network in the last 12 months and is now operating in the UK, Cyprus, Czech Republic and Ireland, and soon to be operating in Dubai and India.
“We are great believers in the future growth prospects of the UK wealth management market,” says Paul Smith, CEO of Ganita Wealth. “We are in the process of building an integrated fund management and advisory platform par excellence. This bond will help to facilitate that growth as we look to acquire high growth IFA and fund management businesses.”
Ganita Wealth is planning to expand its business into a number of complementary areas, including fund distribution, managing in-house UCITS funds, and the administration of financial products like SIPPs. Proceeds from the bond will also assist with setting up the firm’s asset management umbrella, now in progress.
Ganita Wealth anticipates that both the domestic UK and international wealth management market will be poised for strong growth in the post-COVID environment. The global wealth market is expected to recover and grow at a CAGR of 9 per cent from 2021 to 2023, reaching approximately USD1.645 billion in value.