finnCap Debt Advisory has advised HFMC Wealth on securing debt facilities to facilitate the acquisition of Aspinalls Group.

David Aspinall, founder and Executive Chairman of Aspinalls Group, said: “To ensure continuity for our clients, it was vital that any such partner shared our values and those of our clients, whilst mirroring our approach to wealth management. I wanted to have complete confidence that our clients would continue to receive high-quality ongoing advice and service for as long as they need it.

“In HFMC Wealth we have found a partner that meets all these requirements and who will protect the legacy of the business we are proud to have built over the last 38 years.”

The purchase of Aspinalls adds assets under management (“AUM”) of over £130m and brings total AUM for the Group in excess of £1.4bn. The acquisition represents a return to M&A for HFMC following their previous acquisition of Generic Financial Management (in October 2018) as management continues to progress their ambitious growth strategy with further acquisitions expected to add new products and future expansion.

Senior debt facilities were provided by ThinCats to refinance an existing Natwest facility and also fund the Aspinalls consideration.

Dave Sherrington, Regional Head of Sales at ThinCats, said:

“We are delighted to have worked closely with finnCap Group to create a funding solution to support HFMC with its growth plans. Wealth management is a long-term growth sector and HFMC is well-placed to benefit. We look forward to supporting them in the years ahead.”

Alistair Hay, Partner and Head of Debt Advisory at finnCap Group, commented:

“We are grateful for the opportunity to work with Jeremy and his team on financing this important acquisition. In ThinCats, the Group has a supportive, long-term financing partner who invested the time in understanding the business and tailored a debt structure accordingly. We look forward to working together with both parties in the future.”