James Cowper Kreston’s Corporate Finance team provides transaction support to Sovereign Capital backed Skerritts on their acquisitions of Geoffrey Craig Ltd and Saffron Wealth Management

The Corporate Finance team at James Cowper Kreston recently provided financial and tax due diligence to Sovereign Capital backed Skerritts on their acquisitions of Geoffrey Craig Ltd and Saffron Wealth Management.

Founded in 1990, Skerritts is based in London and Hove with £1bn assets under management across 4,000 clients.  The acquisitions of Geoffrey Craig Ltd and Saffron Wealth Management will grow Skerritts’ assets under management by £150m. 

As part of its national expansion, eight acquisitions have now been made by Skerritts.  The acquisitions come after Skerritts received £55m in funding from buy and build PE firm Sovereign Capital Partners in order to drive its national growth strategy.

Brad McAvoy, who led the team at James Cowper Kreston Corporate Finance, commented “We were delighted to work with Sovereign Capital and the team at Skerritts on the acquisitions of Geoffrey Craig and Saffron Wealth Management, and be part of their growth journey.”