Deal typePrivate Equity & Transaction Services
IndustryFinancial Services
Client nameCanary Bidco
BDO has provided financial and tax due diligence services to Shackleton on its acquisition of IM Asset Management.
Shackleton has acquired IM Asset Management (IMAM) from the Irwin Mitchell Group, allowing it to launch a Personal Injury and Court of Protection division. The acquisition also included the financial planning company TWP Wealth.
IMAM and TWP have 20 advisers and provide financial planning and investment management to around 1,600 clients, accounting for funds under management of £1.4bn, the majority of which is managed by IMAM internally. IMAM is based in Sheffield, with advisers also in Leeds, Newcastle, Manchester, Birmingham and London. TWP is a HNW independent financial planning firm based in Manchester where it will continue to focus its core market under the Shackleton brand.
Shackleton is a Chartered financial adviser and wealth manager headquartered in London. Since 2021, the firm has grown rapidly and brought together a group of like-minded firms through strategic acquisitions, creating a unified and client-focused approach to wealth management under a single, integrated operating model.
The BDO project team included:
Rahoel Patel, Dougie Hunter, Guy Davies, Jack Polak (Financial due diligence)
Nicoletta Papademetris, James Cameron and Tina Agnosteva (Tax)
Shackleton has acquired IM Asset Management (IMAM) from the Irwin Mitchell Group, allowing it to launch a Personal Injury and Court of Protection division. The acquisition also included the financial planning company TWP Wealth.
IMAM and TWP have 20 advisers and provide financial planning and investment management to around 1,600 clients, accounting for funds under management of £1.4bn, the majority of which is managed by IMAM internally. IMAM is based in Sheffield, with advisers also in Leeds, Newcastle, Manchester, Birmingham and London. TWP is a HNW independent financial planning firm based in Manchester where it will continue to focus its core market under the Shackleton brand.
Shackleton is a Chartered financial adviser and wealth manager headquartered in London. Since 2021, the firm has grown rapidly and brought together a group of like-minded firms through strategic acquisitions, creating a unified and client-focused approach to wealth management under a single, integrated operating model.
The BDO project team included:
Rahoel Patel, Dougie Hunter, Guy Davies, Jack Polak (Financial due diligence)
Nicoletta Papademetris, James Cameron and Tina Agnosteva (Tax)