Mobeus-backed Ludlow acquires Ivan A Hargreaves

Ludlow has acquired a stake larger than 75% and made the acquisition using its acquisition debt facilities provided by Santander Growth Capital. No fresh equity was provided by Mobeus.

Mobeus invested £8m in Ludlow in June 2017 for a majority stake. The firm drew equity from its £166m Mobeus Equity Partners IV vehicle.

This is Ludlow's third acquisition this year, following the purchase of A Letton Percival & Co in Liverpool and another financial planning business in the north-west of England. Ludlow will actively pursue further bolt-ons in 2020.

Company
Based in Whalley, Clitheroe, Ivan A Hargreaves offers financial planning advice through his brand Inspired Financial Planning. The company was founded in 2003.

People
Mobeus – Justin Maltz (partner).
Ludlow – Ian Hemingway (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Financials
• Mobeus Equity Partners
• Build-up
• Buy-and-build
• United Kingdom