DMH Stallard advises shareholder of Skerritt Consultants Limited on £55m private equity investment

10 Mar 2021

DMH Stallard acted for the successful Independent Financial Advisory and Wealth Management business, Skerritt Consultants Limited (‘Skerritts’) and its founder, Richard Skerritt, on a significant investment by private equity ‘buy and build’ specialists, Sovereign Capital Partners. The deal is worth £55 million.
 
Founded in 1990, award-winning Skerritts deals with all areas of financial services.  Headquartered in Brighton, the firm also has an office in the City of London, and manages c.£1 billion of client funds.

Sovereign Capital Partners is backing the management team who will continue to be led by founder and CEO Richard Skerritt, to develop the business through a strategy of organic and acquisitive growth.

Leading south east law firm, DMH Stallard, advised the sole shareholder, Richard Skerritt, and Skerritt Consultants Limited on the private equity investment.  Abigail Owen headed the team at DMH Stallard, working closely with Vincent O’Brien, Kay Miles, Jonathan Crook and Will Walsh.

Abigail said:  “We have known Richard for many years, and are delighted to have advised on this exciting next stage for him personally, and for Skerritt Consultants.  This investment represents a great opportunity to accelerate the company’s growth and development. We wish Richard and the team every success for the future.”
 
Richard Skerritt, founder and CEO of Skerritts, said:  “Abigail, Vincent and the DMH Stallard team adopted a pragmatic approach throughout our negotiations, and their calm and logical demeanour meant that we were able to keep on track without losing sight of our primary goal: to deliver exceptional service to our clients.  With Sovereign’s support the future looks particularly bright, and we are looking forward to expanding our reach and enhancing our capabilities.”

EMC Corporate Finance were lead advisors on the transaction; Sovereign Capital Partners’ advisers included Pinsent Masons and KPMG.
 

Further reading

Ganz v Petronz FZE & Goren – key decisions of the arbitration claim

Blog, Legal Updates
08/04/2024
The recent Judgment in the arbitration claim Mordchai Ganz v (1) Petronz FZE (2) Abraham Goren [2024] EWHC 635 has already received attention from legal pundits.  The DMH Stallard’s legal team (Tim Ashdown, Beatrice Bass and Patrick Murray) acted for the Claimant. DMH Stallard was supported by the legal team of Altshuler Law in Israel which is a collaboration enabled through their membership of LEInternational.
Read more Read

Reversal of changes to High Net Worth Individual and Self-certified Sophisticated Investor criteria implemented

Blog, Legal Updates
18/03/2024
As discussed in our recent update, the government announced in the Budget that the eligibility criteria for the exemptions, which allow shares and other financial instruments to be marketed to High Net Worth Individuals and Self-certified Sophisticated Investors without the regulatory protections
Read more Read

FCA to investigate personal guarantees in small business lending following a super complaint

Blog
12/03/2024
The FSB has raised concerns that the demand for personal guarantees by lenders has a detrimental impact on small businesses accessing borrowing to grow
Read more Read

ECCTA: Fundamental changes for companies and considerations for lenders: Practical points to note

Blog
08/03/2024
Tyne Harman outlines some of the key considerations for lenders and borrowers alike to be aware of.
Read more Read
  • Brighton - Jubilee St

    1 Jubilee Street

    Brighton

    East Sussex

    BN1 1GE

  • Brighton - Old Steine

    47 Old Steine

    Brighton

    East Sussex

    BN1 1NW

  • Gatwick

    Griffin House

    135 High Street

    Crawley

    West Sussex

    RH10 1DQ

  • Guildford

    Wonersh House

    The Guildway

    Old Portsmouth Road

    Guildford

    Surrey

    GU3 1LR

  • Hassocks

    32 Keymer Road

    Hassocks

    West Sussex

    BN6 8AL

  • Horsham

    3rd Floor

    Afon Building

    Worthing Road

    Horsham

    West Sussex

    RH12 1TL

  • London

    6 New Street Square

    New Fetter Lane

    London

    EC4A 3BF

  • Make an enquiry

    Make an enquiry

    Message

    Or head to our Contact us page