Saffery advises Fidelius on its NatWest debt-funded acquisition

Withholding Tax

Saffery provided financial and tax due diligence services to Fidelius on its NatWest debt-funded acquisition of the trade and assets of deVere, and 100% of the issued share capital of Robson Taylor.

deVere is a Nottingham based provider of independent financial advice which also specialises in mortgage intermediary services and currently has circa £190 million of funds under its management. Robson Taylor is a Bath based independent financial advisor with current funds under management of circa £105 million. We understand that the expanded group will have funds under management of £1.6 billion and will operate from across five offices across the midlands and south of England.

Chris Phipson, head of finance at Fidelius commented “We are delighted to welcome Robson Taylor IFA and deVere UK into the Fidelius Group. Both share the same key values that are engrained into Fidelius and were an ideal fit for our business. We look forward to working with them to further develop financial planning solutions for their clients and exploring new opportunities for growth in the future.”