Thu, 02 Nov 2023 | BUSINESS SALE
Cooper Parry, an accountancy business backed by Waterland Private Equity, has completed its fifth deal of the year with the acquisition of financial planning firm Chamberlyns. Cooper Parry was backed by Waterland Private Equity last year and is aiming to achieve five-fold growth by 2025.
Chamberlyns, which was founded in 1997, is an independent wealth management boutique and is both a Chartered and Accredited Financial Planning business. The company has offices in Luton, Tunbridge Wells and Desford.
Cooper Parry is planning to continue its acquisitive activity following the takeover of Chamberlyns and the deal sees former Chamberlyns Chief Executive Michael Smith join Cooper Parry as the company’s Head of M&A and Proposition.
The company kicked off its acquisitive activity for the year with deals for London-based early stage accountancy firms ihorizon and Acclivity in February, followed by the takeover of fellow London outfit Future Perfect in April.
Cooper Parry’s most recent acquisition saw it acquire Haines Watts London and its associated audit and advisory operations in September, in a deal that added 11 offices and 63 partners and brought the firm’s turnover to £125 million. The acquisition of Chamberlyns brings the group's total assets under management to £1.3 billion.
Stephen Jones, Chief Executive of Cooper Parry, commented: "Chamberlyns is a business I've known and respected for many years since myself and Michael Smith (CEO) first met in a best practice group in March 2010. I've watched their progression closely since then and admired their principles of true financial planning and evidence-based investing because our businesses share so much common ground.”
"Having met the rest of the Chamberlyns team over the years, I knew we were culturally aligned, as well as strategically, which is really important to us.”
Jones added that Chamberlyns’ own past acquisitive activity would prove useful to Cooper Parry as it continues to target more deals during the remainder of 2023 and beyond.
Ex-Chamberlyns CEO and Cooper Parry Head of M&A and Proposition Michael Smith added: "It feels like ideal timing for both businesses. There's no question to me that CPW is one of the leading financial planning and wealth management businesses in the UK. And, as part of the wider Cooper Parry Group, it has that infrastructure and multi-disciplinary offering that would benefit Chamberlyns and our clients."
"We're excited to be joining a business combining pedigree and continuous innovation in the early stages of its acquisition journey, and I'm sure we'll go from strength to strength."
Find out about the major trends driving M&A in the accountancy sector
This is an exciting oppurtunity to acquire this robust, profitable and well managed lettings / estate agency to the market. The owner took the business off the market at the start of the Covid-19 lockdown in order to work with us on a refresh of the...
LEASEHOLD
This is an opportunity to acquire a financial advisory firm which has a consistent profit margin as well as high annual turnover. This is now up for sale due to the current owners' desire to retire.
LEASEHOLD
This is an opportunity to acquire a telephone-based financial advisory firm which has a consistent profit margin as well as high annual turnover. This is now up for sale due to the current owners' desire to retire.
WEB-BASED
30
|
Nov
|
£30m-turnover modular construction firm acquired out of administration | BUSINESS SALE
The business and assets of Module-AR Ltd, a modular construc...
30
|
Nov
|
Loughborough electronics manufacturer undergoes MBO | MBO/MBI
Datalink Electronics, a Loughborough-based electronics manuf...
29
|
Nov
|
Logistics firm to acquire Magnus Group warehousing operation | BUSINESS SALE
Hemisphere Freight Services (HFS), a family-owned logistics ...
05
|
Apr
|
Accountancy firm seeking to build on M&A growth after latest acquisition | BUSINESS SALE
Accountancy disruptor Cooper Parry has announced its latest ...
29
|
Dec
|
Support services company completes acquisition | BUSINESS SALE
Marlowe, a listed support services group which conducts heal...
16
|
Mar
|
Buyers showing interest in luxury hotel furniture manufacturer | BUSINESS SALE
A number of buyers have shown an interest in a Nottingham-ba...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.