MWA Secures £7.5m Funding Package from FDC to Drive Growth
Deal News | Dec 09, 2024 | Coniston Capital
MWA, a national IFA buy-and-build platform backed by Coniston Capital, has secured a £7.5 million funding facility from Frontier Development Capital (FDC). This strategic transaction will provide MWA with a long-term debt facility, poised to support its acquisition plans and growth objectives. The deal was orchestrated by Amit Hindocha and Beatriz Geraldes of Coniston Capital, indicating a concerted effort to strengthen MWA’s market position in the UK. The financial backing from FDC continues to solidify MWA's expansion strategy in the financial advisory sector.
Sectors
- Financial Advisory Services
- Private Equity
Geography
- United Kingdom – MWA is a national platform in the UK, and the funding deal involves companies operating within the UK market.
Industry
- Financial Advisory Services – MWA operates as a nationwide IFA buy-and-build platform, which involves acquisitions within the financial advisory sector.
- Private Equity – Coniston Capital is a private equity firm supporting MWA's growth and acquisition strategy.
Financials
- £7.5m – The amount provided as a long-term debt facility by Frontier Development Capital to MWA.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MWA | Target | Company | A national IFA buy-and-build platform focused on acquiring independent financial advisors. |
| Coniston Capital | PE Firm/Backer | Company | A private equity firm backing MWA's growth and acquisition strategy. |
| Frontier Development Capital | Lender/Funding Provider | Company | Provides the £7.5m long-term debt facility to MWA to aid in further acquisitions. |
| Amit Hindocha | Transaction Leader | Person | Led the funding transaction from Coniston Capital. |
| Beatriz Geraldes | Transaction Leader | Person | Assisted in leading the funding transaction from Coniston Capital. |