Shawbrook bank extends debt funding for Throgmorton’s buy and build strategy

Manchester-based financial advisers, Throgmorton Capital Management, has secured a top-up debt facility, from Salford-based ban Shawbrook, to boost its next round of buy and build acquisitions.

Incorporated in 2018, Throgmorton Capital Management offers its clients financial planning services which include advice on investments and retirement planning, and discretionary investment management services. 

Reinforcing its growth momentum the business approached Shawbrook for an increased facility to support further high quality acquisitions in the financial planning space. 

Shawbrook has a history of supporting Throgmorton and the corporate leverage team structured a flexible debt solution which includes day one funding, with additional funding in years two and three to support deferred considerations.

In December 2023, Throgmorton acquired client books from Roger Baron IFA and Jean Pritchett in deals backed by Shawbrook.

Alasdair McWilliams, CEO of Throgmorton Capital Management, said: “We have worked with Shawbrook for a few years now and they have a solid understanding of both our business and our growth objectives.

“This, combined with their swift decision-making and constant communication, made the latest transaction very efficient and enabled us to maintain momentum on our buy and build plans.”

Paul Shier, client manager at Shawbrook, said: “Throgmorton’s strong track record and proven ability to grow in the challenging IFA markets has been central to the timely decisions on this transaction.

“We look forward to seeing how the new funding will further shape Throgmorton in expanding its business through strategic acquisitions, even in a competitive market environment.”

Gunnercooke acted for Shawbrook on the deal and Weightmans supported Throgmorton Capital Management.