Saffery advises on divestment of financial services group Fidelius

Saffery provided vendor due diligence services pursuant to certain shareholders partial divestment of Fidelius to Söderberg & Partners.

Söderberg & Partners, a leading Nordic financial services business, has acquired a substantial minority stake in financial advisory and wealth management group, Fidelius. The transaction marks a significant milestone in Söderberg & Partners’ expansion strategy in the UK financial advisory market.  The transaction is subject to FCA approval.

Fidelius, which has offices in Bath, Cheltenham, Chelmsford, London, and Mansfield, provides a comprehensive range of advisory services, including wealth management, employee benefits, mortgages as well as specialist advice to returning expats. Established in 1998, Fidelius has experienced substantial growth through a combination of organic development and acquisitions.

How we helped

We supported Fidelius during this transaction by providing vendor financial and tax due diligence services.

Saffery has a long-standing relationship with Fidelius, having previously provided financial and tax due diligence services in respect of the acquisitions of both deVere UK and Robson Taylor.

Niraj Patel (Corporate Finance Partner), Andrew Fraser (Corporate Finance Senior Manager) and Josh Clothier (Director) worked on this transaction. Niraj Patel commented: “We were delighted to have undertaken the vendor financial and tax due diligence on this particular transaction, continuing our involvement in supporting the exciting growth journey that Fidelius are on. Söderberg & Partners and Fidelius are very much aligned in their thinking and the partnership will enable Fidelius to accelerate its ambitious growth plans in the UK.”

Chris Phipson, Head of Finance at Fidelius, commented: “Fidelius are delighted to be working with Söderberg. This partnership will allow Fidelius to work alongside an investor whose values are aligned with our own and further develop our capabilities to deliver excellent client service, as well as significant growth plans.”

We have extensive experience of providing transaction support to clients across a range of sectors. More information is available on previous transactions we have worked on.