Foster Denovo Expands with Multiple Acquisitions Backed by Blake Morgan's Expertise
Deal News | Feb 13, 2025 | Blake Morgan
Foster Denovo, a notable name in the financial advisory industry, has made several strategic acquisitions under the legal guidance of Blake Morgan, significantly expanding its footprint in Scotland and across the Midlands. With the acquisition of Rosemount Asset Management and Verum Wealth in Glasgow, Foster Denovo has added over £250 million in assets to its portfolio. Additionally, the purchase of 80Twenty, a Leicestershire-based firm, has contributed more than £500 million under management and influence. Another acquisition of Staffordshire-based Brian Mole Independent Financial Advisers brought nearly £300 million of assets under advice. These transactions, spanning from late summer 2024 to early 2025, underline Foster Denovo's aggressive expansion strategy post its £100 million funding secured from US private equity firm Crestline in 2022. Blake Morgan has been instrumental in advising and executing these deals, guiding Foster Denovo through complex negotiations to achieve their growth ambitions.
Sectors
- Financial Services
- Legal Services
Geography
- United Kingdom – The acquisitions and expansions are taking place across the UK, including Scotland and the Midlands, making it the primary geography involved in the article.
Industry
- Financial Services – The article revolves around the financial advisory firm Foster Denovo, which is involved in acquisitions of other advisory firms, highlighting the financial services sector.
- Legal Services – Blake Morgan, a law firm, plays a crucial role in advising Foster Denovo on these transactions, indicating involvement in the legal services industry.
Financials
- £250 million – Assets added to Foster Denovo through the acquisition of Rosemount Asset Management and Verum Wealth.
- £500 million – Assets under management and influence added by acquiring 80Twenty.
- £300 million – Assets under advice added through the acquisition of Brian Mole Independent Financial Advisers.
- £100 million – Funding secured from Crestline in 2022.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blake Morgan | Legal Advisor | Company | A law firm advising Foster Denovo on various acquisitions and growth strategies. |
| Foster Denovo | Acquirer | Company | A financial advisory firm expanding its footprint through strategic acquisitions. |
| Rosemount Asset Management | Acquired Company | Company | An advisory firm in Glasgow acquired by Foster Denovo. |
| Verum Wealth | Acquired Company | Company | An advisory firm in Glasgow acquired by Foster Denovo. |
| 80Twenty | Acquired Company | Company | A Leicestershire-based advisory firm acquired by Foster Denovo. |
| Brian Mole Independent Financial Advisers | Acquired Company | Company | A Staffordshire-based advisory firm acquired by Foster Denovo. |
| Crestline | Funding Provider | Company | A US private equity firm that provided £100 million of funding to Foster Denovo in 2022. |