Wealth management firm secures funding for buy-and-build drive

Throgmorton Capital Management, an independent financial planning and wealth management group based in the North West, has secured an eight-figure committed debt facility and additional uncommitted debt facilities to back its ongoing buy-and-build growth strategy.

The facilities have been provided by Tresmares Capital, a specialist investor for high-growth businesses across Europe. Tresmares, which provides flexible funding to scaling companies, is known for long-term capital support, its relationship-driven approach and expertise in helping management teams to accelerate M&A-driven growth.

Currently operating from four physical locations, Throgmorton Capital Management has been headquartered in the North West since 2018. The group has successfully completed 14 acquisitions to date.

In accounts for the year to December 31 2024, the group reported turnover of around £2.4 million, up from £1.5 million a year earlier, while operating profit increased from around £593,000 to £1 million.

The new funding will enable the group to continue its targeted acquisition strategy within the UK’s IFA market, as it looks to continue expanding its regional footprint, client offering and adviser base.

Alasdair McWilliams, director at Throgmorton Capital Management, commented: "We are very pleased to have completed this debt refinancing, which represents a further step forward for the company and our growth strategy.”

"We are delighted to be working with Tresmares, whose depth of experience in supporting businesses in the IFA sector made them a natural fit. We value the confidence they have shown in our strategy, our team, and our business."

Dan Martin, partner at Shaw & Co, who acted as debt adviser to Throgmorton, said that the group’s partnership with Tresmares provided it “with a strong platform for continued expansion."

Saul Proctor, Investment Director at Tresmares, said: "At Tresmares, we have strong conviction in the IFA market and in backing management teams with the ambition and capability to build market-leading platforms.

"Throgmorton exemplifies this, and this refinancing reflects the significant progress the business has made in executing against its consolidation strategy. We are delighted to be supporting Throgmorton and providing the capital runway to continue their acquisition programme.”

While M&A volume dipped in the wealth management sector last year, the value of dealmaking soared, suggesting the market is moving away from rapid consolidation and towards larger, more strategic M&A

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