HW Fisher Transactions Services provided financial and tax due diligence services to Coniston Capital, supporting them in securing the significant capital investment into MWA Financial. Services included a review of historic financial information, VAT, PAYE and Tax and a review of financial forecasts and covenant compliance. HW Fisher, Chartered Accountants, also offer accountancy and financial advisory support to entrepreneurial SMEs, large corporates, and high net-worth individuals, enabling them to advise Coniston Capital in this investment.
The transaction was led by Carolyn Hazard, Transactions Services Partner, assisted by Nishil Shah, Transactions Services Manager. Having previously advised on the ThinCats facility raised in March 23, HW Fisher’s knowledge of MWA provided a good basis for their engagement with Coniston.
Coniston Capital places their priority in investing into SMEs, companies which require a partner to enable a change of ownership and accelerate their growth plans.
Coniston Capital is a private equity firm, and their funding will increase MWA’s acquisition power with three deals anticipated in the next 12 months. This investment will support the target to grow MWA Financial into a major wealth management practice in the UK.
MWA was founded in 2016 by Cam Banks to provide their clients with independent financial advice. Having more than 25 years of experience developing financial advice platforms in Australia for major organisations, Banks used MWA to recreate this holistic advice model within the UK.
With Coniston Capital’s investment, MWA will be able to achieve their target of expanding their coverage across the UK. MWA target firms with strong relationships with their clients and equally, experience of delivering great outcomes.
MWA Financial were also advised by the corporate team at South East Firm, Brachers.