Today’s news in brief – 27/3/2025
Evelyn Partners reported a record £63bn in Assets Under Management (AUM) at the end of 2024, driven by £1.3bn in net inflows and £2.6bn from market gains. Adjusted EBITDA increased to £174.3m. The company also announced the sale of its Professional Services business to Apax Partners and its Fund Solutions business to Thesis Holdings Limited, both expected to complete in 2025. CEO Paul Geddes highlighted the company’s focus on wealth management and the growth of its ‘dual expert’ service model, providing both financial planning and investment management.
Wilson Partners has acquired Rutland-based Max Accountants, expanding its footprint across London, Cambridge, and the South of England. The acquisition brings Wilson Partners’ revenue to £32m with nearly 300 employees. The deal strengthens Wilson’s expertise in early-stage and high-growth technology and life sciences sectors. Max Accountants’ leadership, including Sarah Royle and Martin Hickman, will remain in place, ensuring continuity for clients. Integration of branding and IT infrastructure will occur gradually without operational disruptions.
Stephen Slater will become the new managing director of RMT Accountants and Business Advisors in the summer, succeeding Mike Pott. Slater, currently director of commercial services, has contributed significantly to the firm, including the creation of RMT Technology. The transition comes as part of RMT’s growth strategy within the Sumer Group, which it joined in 2023. CEO of Sumer Group, Warren Mead, praised Pott’s leadership and expressed confidence in Slater’s ability to lead RMT in its next phase of expansion.
Hazlewoods Corporate Finance supported Cygnet Social Care with its acquisition of three specialist care homes: Bryn Y Wawr and Clynsaer in Carmarthenshire, and The Old Vicarage in Berkshire. These facilities provide residential care for adults with learning disabilities, autism, and complex needs. Hazlewoods’ director Rich Pitt led the team providing tax and financial due diligence. Cygnet CEO Gareth Williams highlighted the acquisitions’ alignment with Cygnet’s mission of offering person-centered care. Pitt expressed excitement about continuing to support Cygnet’s growth within the social care sector.
