Financial adviser, Throgmorton Capital Management, is set to expand by acquiring client books from Roger Baron IFA and Jean Pritchett, in deals backed by Shawbrook.

Incorporated in 2018, Throgmorton provides financial planning and discretionary investment management services to clients across the UK.

Throgmorton sought to re-finance existing debt alongside acquiring additional headroom to facilitate the purchase of the client books. Shawbrook was directly approached by Throgmorton to deliver a flexible solution which provided funding for both organic growth and growth through acquisition.

The full terms of the deal include a day-one credit facility with further loans which will be drawn down in 2024 and 2025.

“We are delighted to now be working with Shawbrook as we move the company into this next phase of its growth journey,” said founder and director at Throgmorton, Alasdair McWilliams.

“These latest acquisitions and the relationship with Shawbrook mark another significant milestone for the company.

The deal Shawbrook put together for us provides the flexibility we need to continue our journey and we look forward to continuing our relationship going forward.”

New business analyst at Shawbrook, Nathan Burn, added: “The team at Shawbrook has every confidence that this additional funding will help them grow and expand the business, taking it to new highs with the acquisition of new client books.”

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