
Apiary invests in Radiant
Apiary Capital has invested in financial adviser Radiant Financial Group and acquired CWB.
The firm is currently investing from its Apiary Capital Partners I fund, which closed on £200m in 2018.
Radiant also simultaneously acquired CWB, which specialises in financial advice, tax planning, employee benefits and business consultancy services.
Radiant's management team will be led by Peter Mann as chairman and Simon Cogman-Hellier, CEO. Mann was previously vice-chairman of Old Mutual and CEO of Skandia, while Cogman-Hellier has worked with companies including Marsh & McLennan, KPMG, Oval and Bluefin.
The company will follow a continued buy-and-build strategy.
Company
Radiant Financial Group is a consolidator of independent financial advisers. The group currently comprises CWB, PPS & ReSource Mortgages. Based in Harborough, it was founded in 2020.
People
Apiary Capital – Jeniv Shah (partner).
Advisers
Equity – Dyer Baade & Company (corporate finance); Proskauer Rose (legal).
Company – IMAS Corporate Finance (corporate finance).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater