TRANSACTION SUMMARY

On 22 February 2022, Titan Wealth Holdings Limited (“Titan Wealth”) announced the acquisition of Cardale Asset Management Limited ("Cardale") as part of its ongoing strategy to bring a new proposition to the wealth and asset management sector.

Based in Harrogate, North Yorkshire, Cardale is an independent investment management business providing portfolio management, stockbroking and financial planning services to private clients.

Cardale will form a key part of Titan Wealth’s central investment proposition and enhance the Group’s distribution capabilities, providing Titan Wealth with a significant presence in the North of England. The acquisition of Cardale is anticipated to double Titan Wealth’s revenues and will also support its continued growth towards meeting its target of £20-30bn in AUM within four years of launch.

Cardale will operate under the Titan Wealth holding group and retain its existing model, leadership and brand.

TITAN WEALTH

Titan Wealth launched in June 2021 with the acquisition of two leading investment and wealth management businesses – GPP and Tavistock Wealth Limited. The group is an active acquirer of asset managers in the UK and provides a broad range of services to investment managers and IFAs.

Titan Wealth provides execution, custody, clearing and wealth management services to small and medium sized broker dealers, proprietary traders, intermediaries, family offices and wealth managers. As a multi asset manager, Titan Wealth also provides independent financial solutions to financial advisors, family offices, retail clients and institutions via a network of trusted intermediaries.

The group is supported by capital partners Ares Management, Maven Capital Partners and Hambleden Capital.

CARDALE

Cardale is an independent investment management business, with turnover of £16m and EBITDA of £9.4m (for FY 2021), and provides portfolio management, stockbroking and financial planning services to private clients.

Since its launch in 2003 Cardale has seen impressive and sustained growth, reaching £1.5bn in assets under management (AUM) which it manages for approximately 3,500 clients, and employing circa 70 financial and investment professionals.

ROLE

SHP acted as financial adviser to Titan Wealth Holdings Limited on the acquisition of Cardale Asset Management Limited.