Travers Smith has advised one of Sweden's leading advisors and intermediaries of insurance and financial products, Söderberg & Partners, on the acquisition of a significant minority stake in financial services group, Fidelius, for an undisclosed sum as part of its drive to increase its footprint in the UK. The acquisition completed recently, following approval from the Financial Conduct Authority (FCA).
Fidelius, with offices across Bath, Cheltenham, Chelmsford, London and Mansfield, offers a suite of advisory services including wealth management, employee benefits, mortgages, as well as a specialism in advice to returning expats.
The Travers Smith team on this transaction was led by Corporate Partner Mohammed Senouci, supported by Associates Jonathan Fritz, Marie Morazzani and Isabella Crossfield. Specialist advice was provided by our Private Equity and Financial Sponsors Partner Alex Dixon, Senior Associate Jessica Cragg and Associate Jessica Wetherop; our Incentives & Remuneration Senior Counsel Elissavet Grout, Senior Associate Tom Leatherby and Associate Natalie Paddock; and our Financial Services & Markets Partner Phil Bartram, Senior Associate Nick Glynn, and Associate Tom Bannatyne.
Our work on this deal follows advising our client on the acquisition of Timothy James & Partners earlier this year.
