CVC Credit is pleased to announce that it has provided debt facilities to support Nordic Capital’s acquisition and growth strategy of Ascot Lloyd, one of the UK’s largest and fastest growing independently-owned independent financial advice (IFA) firms.
The recent experience and capabilities of CVC’s credit investment professionals combined with the reach of the CVC Network, made CVC Credit the partner of choice to support Nordic Capital’s acquisition. Ascot Lloyd will benefit from the ongoing support of CVC Credit through its European Direct Lending Strategy, which focuses on lending to established European medium and large companies with proven business models.
Founded in 2013 and headquartered in the UK, Ascot Lloyd is an independent financial advisory firm in the UK. The group provides financial planning, wealth management and corporate benefit solutions through over 130 IFAs serving more than 20,000 core clients. Employing over 500 staff, the business operates out of 17 locations nationwide
We look forward to helping Nordic Capital and Ascot Lloyd go from strength to strength.John Empson
Chris Fowler, Partner at CVC Credit, commented: “We are delighted to be supporting Nordic Capital, who have strong track record of investing within the wealth management sector. It is clear that Ascot Lloyd has a promising future ahead and we look forward to working with Nordic Capital and the company to continue their successful consolidation of the fragmented IFA market.”
John Empson, Partner and Co-Head of Private Credit at CVC Credit, added: “Our support for Nordic Capital further demonstrates how CVC, and private credit investors more broadly, can deliver compelling financing solutions that are sensitive to the ambition of high-potential companies. We look forward to helping Nordic Capital and Ascot Lloyd go from strength to strength.”