Raising finance for Apiary’s Independent Financial Advisory business Radiant Financial Group

BDO.LiveSite.Deals.DealTypeM&A
BDO.LiveSite.Deals.IndustryFinancial Services

Radiant Financial Group is a national independent financial advisory group, with recently established platform technology and discretionary fund management capabilities. The group provides access to a comprehensive range of wealth management advice, solutions and services to a high quality customer base of individual and corporate clients.

Apiary backed Radiant in Nov’20 to take advantage of existing market fragmentation and, through acquisition, build a best in class vertically integrated wealth management business with diverse, quality recurring revenue streams and strong potential for organic growth.

Since acquisition, Radiant has made seven acquisitions with a strong pipeline for the rest of 2023 and beyond.

BDO successfully advised the company on its refinancing and raised a flexible facility that permits easy access to follow-on-capital, and de-risks the synergistic buy-and-build strategy. 

“We are delighted with the innovative debt package that BDO Debt Advisory negotiated for Radiant. The team provided us with a comprehensive service from start to finish, from preparing detailed materials for lenders, right through to finalising the legal terms. Their hands-on support has resulted in a flexible facility which enables the business to re-leverage as it scales. This allows us to focus on executing our growth and acquisition strategies with a supportive lender”.

Jeniv Shah, Partner, Apiary Capital LLP