Corporate Finance Deal Announcement: Quadrant Group

21st Apr 2017

MHA MacIntyre Hudson Corporate Finance is delighted to announce the MBO of Quadrant Group with financial backing provided by Progeny Group.

Incorporated in 1994, Quadrant is a well-respected financial planning and wealth management business. Andrew Pereira, Quadrant’s Managing Director and his fellow shareholders engaged MHA MacIntyre Hudson Corporate Finance to provide strategic advice and deliver a transaction which carefully balanced the diverse objectives of Quadrant’s shareholders.

MHA MacIntyre Hudson Corporate Finance Director, James Lawson, introduced the opportunity to Neil Moles, Managing Director of Progeny Group and worked closely with Neil and the Quadrant team to devise a workable transaction structure and manage its execution.

Progeny Group is the UK’s first independent multi-service professional platform providing both wealth management and legal advice to private clients, corporates and family offices. The deal will allow Progeny to continue building its core wealth management offering, whilst also providing Quadrant clients with an expanded range of services including legal and tax advice.

Andrew Pereira, Managing Director of Quadrant said:

“We are hugely excited to have secured Progeny Group as a partner for our buyout, having long-admired its unique positioning as a multiservice professional platform. Progeny and Quadrant are a perfect fit bringing together the talents of both businesses, a shared client ethos and culture, as well as a complementary geographic presence.”

“My fellow shareholders and I were very impressed by the MacIntyre Hudson Corporate Finance team – they took the time to understand the variety of shareholders’ objectives and expectations for the process, and worked tirelessly to secure a funding partner, negotiate a deal structure, and guide us expertly through the unfamiliar process.”

Neil Moles, Managing Director of the Progeny Group, added:

“We are delighted to be partnering with the team at Quadrant Group. Quadrant is an experienced team of professionals that shares our client-first approach and focus on tailored solutions suited to each client’s different objectives. Going forward they will also share in the success of Progeny. We look forward to working together to offer clients insightful, joined-up strategic financial advice, including legal services and wealth structuring. Today, that is what is required to safeguard and grow wealth over generations”.

Commenting on the deal, James Lawson remarked:

“Management buyouts are invariably complex transactions to achieve – in this scenario we had shareholders at differing stages of their careers with contrasting aspirations. The strategic fit between Quadrant and Progeny was obvious from the outset, but tenacity played a role in crafting a feasible deal structure which met all parties’ needs. I am confident that this new partnership for Quadrant and Progeny will be successful for all involved.”

Transaction advisors:

Corporate Finance: MHA MacIntyre Hudson Corporate Finance Ltd

James Lawson (Director) & Tom Shaw (Executive)

Tax MHA MacIntyre Hudson LLP

Alison Conley (Partner)

Legal: Cripps LLP

Salim Somjee (Partner) & Katie Haylock (Associate)

How can we help?

If you would like to know more about this deal or how we can assist you, please contact Corporate Finance Partner, James Lawson

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