
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).
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