Success Stories

See what our clients are saying about us and learn more about some of our completed deals.

Seller

Midlands-based IFA (Ltd)

Background

Owner / manger seeking an exit to retire

Objectives

  • Share sale
  • Retention of staff & office
  • IFA providing face-to-face advice
  • Any changes to client proposition on an advice basis
  • To exit post-handover – salary for role

EBITDA

c£350k

Buyer

PE-backed acquirer – buy & build

Sale Price

£2.8m

Deal Terms

  • Debt-free, cash-free – except for capital adequacy
  • 50% upon completion, 25% month 13, 25% month 25
  • Deferred consideration dependent on retention of AUM purchased – new assets during the deal term could support this

Seller

Yorkshire-based Chartered Firm (Ltd)

Background

Owner / manager seeking an exit to retire

Objectives

  • Share sale
  • Local presence
  • IFA providing face-to-face advice
  • Any changes to client proposition on an advice basis
  • To exit post-handover – salary for role

Recurring Revenue

c£400k

Buyer

National acquirer with a local presence

Sale Price

£1.5m

Deal Terms

  • Debt-free, cash-free – capital adequacy repaid with first deferred consideration payment
  • 60% upon completion, 20% month 15, 20% month 27
  • Deferred consideration dependent on retention of recurring revenue
  • £30,000 salary for handover meetings during the first 6 months

Seller

Gloucestershire-based Chartered Firm (Ltd)

Background

Capital event now, de-risk and retained equity for future growth

Objectives

  • Going concern
  • Retention of staff & office
  • Retained equity
  • Access to capital

EBITDA

c£905k

Buyer

PE-backed acquirer – buy & build

Sale Price

£7.24m

Deal Terms

  • Debt-free, cash-free – except for capital adequacy
  • 80% purchased
  • 50% upon completion, 20% month 12, 20% month 24, 10% month 36
  • Deferred consideration dependent on maintenance of EBITDA

Seller

Devon-based Restricted Adviser – AR (sole trader)

Background

Owner / manager seeking an exit to retire

Objectives

  • Asset sale
  • Small local firm providing face-to-face advice
  • Any changes to client proposition on an advice basis
  • To remain in a handover / ambassadorial role

Recurring Revenue

c£140k

Buyer

Local Chartered IFA

Sale Price

£490k

Deal Terms

  • 50% upon completion, 25% month 12, 25% month 24
  • Deferred consideration dependent on retention of recurring revenue purchased
  • Consultancy day rate and introducer agreement secured

Seller

Yorkshire-based Investment Manager / Financial Planner (Ltd)

Background

Sale of shares of external shareholders – retained equity by management team

Objectives

  • Going concern
  • Exiting current external shareholders
  • Retention of staff & office
  • Access to capital to grow

EBITDA

c£450k

Buyer

PE-backed acquirer – buy & build

Sale Price

£3.510m

Deal Terms

  • Debt-free, cash-free – except for capital adequacy
  • c85% purchased
  • 50% upon completion, 20% month 12, 20% month 24, 10% month 36
  • Deferred consideration dependent on maintenance of EBITDA

Seller

North East Chartered IFA (Partnership)

Background

Owner / manager seeking an exit to retire

Objectives

  • Asset sale
  • Smaller local / regional firm providing face-to-face advice
  • No vertical integration
  • To remain in a handover / ambassadorial role

Recurring Revenue

c£350k

Buyer

Regional IFA Firm

Sale Price

£1.26m

Deal Terms

  • 50% upon completion, 25% month 12, 25% month 24
  • Deferred consideration dependent on retention of recurring revenue purchased during the first 12 months
  • Introducer agreement for ambassadorial role

Seller

Yorkshire-based IFA (Sole Trader)

Background

Owner / manager seeking an exit to retire

Objectives

  • Asset sale
  • Small local firm providing face-to-face advice
  • A firm with a passive / EBI investment approach
  • Price was not important – all about the most appropriate cultural fit

Recurring Revenue

c£130k

Buyer

Local Chartered IFA

Sale Price

£520k

Deal Terms

  • Consideration paid on an arising basis – 80% of all recurring fees from the client list for a 5-year period

Seller

North West Chartered Firm (LTD)

Background

Owners seeking an exit to retire

Objectives

  • Asset sale
  • Retention of staff & future opportunities for their development
  • Alignment of charges and proposition
  • Immediate exit for one owner and advisory role for the other

EBITDA

c£300k

Buyer

PE-backed – buy & build

Sale Price

£2.4m

Deal Terms

  • 50% upon completion, 25% month 12, 25% month 24
  • Deferred consideration dependent on retention of recurring revenue purchased
  • Advisory role for one owner & salary / package commensurate with this

Seller

Home Counties IFA (LTD)

Background

Sole adviser firm – owner passed away unexpectedly

Objectives

  • Asset sale
  • Speed of finding an appropriate buyer
  • Local buyer with a local presence
  • Sensitivity with clients due to this difficult time
  • Working with the executors to maximise and safeguard returns for the beneficiaries

Recurring Revenue

c£280k

Buyer

Regional IFA

Sale Price

£896k

Deal Terms

  • Consideration paid on an arising basis – 80% of all recurring fees from the client list for a 4-year period

Seller

South East Restricted Adviser – AR (LTD)

Background

Sole adviser firm – owner diagnosed with serious health condition

Objectives

  • Asset sale
  • Speed of finding an appropriate buyer
  • Local buyer with a local presence
  • Sensitivity with clients due to this difficult time
  • A firm that post-treatment they would have the opportunity to be part of

Recurring Revenue

c£40k

Buyer

Local Chartered Firm

Sale Price

£160k

Deal Terms

  • Consideration paid on an arising basis – 80% of all recurring fees from the client list for a 5-year period
Julie Hunt
20 November 2023
Having recently gone through the Exit experience with Brian at The Exit Partnership, I can't recommend him enough. I had never sold a company before, so it was a whole new experience, but Brian was there every step of the way, making sure everything went smoothly, and I understood what was happening. He made sure that we got the best possible deal and even after accepting an offer, Brian was there holding my hand, chasing solicitors, getting updates. If you're thinking of selling your business, you need a Brian in your life, it's never going to be smooth sailing all the way through, but it's a heck of a lot smoother with him by your side. Thank you for everything that you did!
Sarah Davies
20 October 2023
We could not speak more highly of Vicki Hicks and have no hesitation in recommending her and the team at the Exit Partnership. In addition to Vicki being extremely knowledgeable and experienced, we found her honest, open approach a great fit with our Firm. Vicki takes the time to listen, she understands us, the people we work with and has a genuine desire to help.
Dan Boardman-Weston
3 August 2023
I’ve had the pleasure of working with TEP and Brian for over a year now. I’ve found them to be highly professional, knowledgable and approachable. I would have no hesitation in recommending them.
Paul Cleworth
31 July 2023
Excellent experience working with Brian and Vicki. Experts in their field. If you want to sell your financial services business, use TEP.
chris procter
30 July 2023
People at TEP are experienced and well positioned to help with the process to help with business succession.
Dominic Rose
29 July 2023
Very positive experience with the Exit Partnership. We have worked with them for a while now and they take the time to understand our business (who we are and what we stand for) and have an amazing ability to only put us in touch with like minded firms. Their philosophy of "culture before cash" and genuine desire to make sure that business owners get the best possible fit and overall deal means I recommend them highly.
Emma James
27 July 2023
Vicky is extremely helpful and very knowledgeable in her field. She just spent an hour of her time (at no cost) helping me run through all the options available to me, including some areas I hadn’t previously considered. We likely won’t be clients in the short term since the timing isn’t right, but even so Vicky went out of her way to help me with honest advice, and clear next steps our business should be taking. I will be reconnecting with Vicky and the Exit Partnership again when the timing is right as they are a very professional operation and clearly experts in what they do – thank you Vicky! Dan & Emma
1st Chartered Financial Planning
25 July 2023
The Exit Partnership service couldn't get any better. The combination of professional yet commercial but still personable is an excellent mix. They really listen to what you are looking for , give you realistic expectations and go beyond the call of duty to get you the best deal possible, They will then virtually "hold your hand" through the whole process. They have been there & done it themselves so they understand completely from both the business & personal side exactly what you are going to face & know how to help you . You can't ask for better than that !!
Helen Gott
21 July 2023
Vicki Hicks and the team provided first class support when we were purchasing a business. Whilst the purchase was slightly outside of The Exit Partnership's usual sector, that did not hinder Vicki's knowledge and business acumen - both of which were invaluable. Vicki and her team have great ability to see the commerciality and be open and transparent in their dealings with their clients. This is very welcome at what is a stressful time whether you are selling or buying a business. I cannot recommend their service highly enough as Vicki and her team simply are the best in the business! If you are acquiring or exiting - speak to them.
Anthony R
18 July 2023
Brian's enthusiasm and knowledge are unmatched for financial advice firms or wealth managers looking to retire or consider an exit strategy. I would have no hesitation in recommending them to any business owner who wishes to consider their future plans.