London financial advisory firm announces £100m investment to fund acquisition and growth ambition

A London firm of financial advisors has announced it has secured a £100m investment to fund its acquisition and growth ambition.

Foster Denovo Group Limited, the parent company of national financial advisory business Foster Denovo Limited will use the funding from Crestline Investors to drive acquisitions across the UK over the next few years. A number of transactions are already in the pipeline.

The transaction will see Crestline Investors take a minority stake in Foster Denovo. Canaccord Genuity acted as sole financial adviser to Foster Denovo with respect to the funding.

Roger Brosch, CEO of Foster Denovo, said: “We are delighted to have secured this new funding which will fuel our ambitious five-year growth strategy.

“Crestline is the perfect partner for us – we are culturally aligned and share an absolute commitment to deliver exceptional value to our clients, staff and shareholders.

“Crestline has a reputation for partnering with experienced management teams and investing in established businesses with bold expansion plans, and we look forward to achieving great things together.”

“Over the next few years, we intend to utilise this funding, making a series of culturally compatible acquisitions acting as a facilitator for those practices and businesses who put the interests of clients and staff as their key priorities.

“We believe the flexibility of our approach will allow us to match the needs of the market, secure the highest quality of transactions for all parties and reinforce our reputation as a leading national advice brand.”

Andrey Panna, managing director, Crestline, added: “The Foster Denovo team has created an enviable market proposition, underpinned by its high quality of client service. The team is incredibly driven, and Crestline is delighted to be partnering with the company to fuel this next stage of their exciting growth journey.”

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