Mattioli Woods to acquire two firms while fundraising £100m

Maven and LWMG Topco to be snapped up

Kathleen Gallagher
clock • 1 min read

Mattioli Woods is set to acquire Maven Capital Partners and LWMG Topco Limited, the holding company of financial advice firm Ludlow Wealth Management, and will issue approximately £100m worth of new shares in order to finance the deal.

Maven is an alternative asset manager and private equity investor with £772m of assets under management. Mattioli Woods will pay £80m upfront and a further £20m if further targets are met in the first four years.   Mattioli Woods restarts employee bonus payments after 'decisive action' during pandemic Ludlow Wealth Management, a financial planning businesses in the North West with £1.6bn assets under advisement, will recieve £30.3m in cash and £5.8m of new shares initially. Non-shareholder employees will be eligible for up to a £1m bonus based on performance after a year, but the a...

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