Foot Anstey completes double deal for Cardan Financial Group

Foot Anstey LLP has completed two independent deals for financial services firm Cardan Financial Group Limited, advising on an investment by Söderberg & Partners and the acquisition of Woods Financial Management Limited. The financial details remained undisclosed.

For Cardan Financial Group (incorporating Bespoke-Advice Limited), established in 2013, these deals come as part of the firm’s acquisition strategy aimed at bolstering its portfolio of IFA businesses.

The first deal, an investment by and partial disposal to, Söderberg & Partners, a leading provider in the financial services space, saw the acquisition by Söderberg of shares in Cardan Financial Group from existing shareholders; with the exit of two minority shareholders, as well as the injection of cash for loan notes.

The second transaction centred on the acquisition of Woods Financial Management Limited, further amplifying Cardan Financial Group's footprint in the financial services landscape.

Given the pre-existing collaborative ties between Woods Financial Management and Cardan Financial Group, integration represented a strategic step for the firm, and signals a notable advancement in Cardan Financial Group’s growth trajectory.

These deals help to fortify the firm’s financial position, enabling the continuation of its client focused growth strategy and pursuit of additional acquisition opportunities.

Adam McKenna, Partner at Foot Anstey, who led the transaction with Emma Robinson, Associate, said: "It’s been a real pleasure to have worked alongside Alex; these deals sit firmly within the client's acquisition strategy and present additional opportunities for their business. We are seeing a large amount of deal activity in the Financial Services sector and Cardan are well-placed to continue to execute its strategy."

Alex Morley of Cardan Financial Group Limited commented: "Foot Anstey has a first-rate reputation and a track record within the financial services sector. Although we have worked with them in the past on the regulatory side, these deals represent our first corporate transactions together. From the outset, it was clear that we were in the hands of a very experienced team. Throughout the sale they kept us informed, kept up momentum and managed the process smoothly.”