Deal typePrivate Equity & Transaction Services
IndustryFinancial Services
Client nameSoderberg & Partners Holding AB
BDO has provided financial and tax due diligence services to Soderberg & Partners on its acquisition of a minority stake in Cardan.
Cardan is a Worcester-based Group that acquires financial advisory firms. Cardan made its first acquisition – Bespoke-Advice Ltd – in October 2020. Since the investment, the business has grown assets on which it provides advice from £100m to £650m. Today, Bespoke-Advice Ltd operates from two offices in Worcester and London, employs over 30 people and is one of only four Chartered and B-Corp IFA businesses in the UK.
Soderberg & Partners is one of Sweden’s biggest wealth managers and has invested in a number of UK advice businesses in the past two years.
The BDO project team included:
Rahoel Patel, Dougie Hunter, Phoebe Yeung (Financial due diligence)
Nicoletta Papademetris, James Cameron, Rob Woodward (Tax)
Cardan is a Worcester-based Group that acquires financial advisory firms. Cardan made its first acquisition – Bespoke-Advice Ltd – in October 2020. Since the investment, the business has grown assets on which it provides advice from £100m to £650m. Today, Bespoke-Advice Ltd operates from two offices in Worcester and London, employs over 30 people and is one of only four Chartered and B-Corp IFA businesses in the UK.
Soderberg & Partners is one of Sweden’s biggest wealth managers and has invested in a number of UK advice businesses in the past two years.
The BDO project team included:
Rahoel Patel, Dougie Hunter, Phoebe Yeung (Financial due diligence)
Nicoletta Papademetris, James Cameron, Rob Woodward (Tax)