M and A
Ex-Quilter Directors Acquire UK Wealth Manager, Plan Deals

Among the details as set out, all staff at the firm will be shareholders.
Former Quilter
directors Dominic Rose and Nigel Speirs, have acquired a wealth
management business, MKC Wealth, and are starting a run of
acquisitions in the space.
MKC Wealth will be expanding through acquisitions of other firms,
which will be integrated into MKC Wealth, as well as through
organic growth. The process of buying one firm has already
started.
The “management buy-in” is led by Rose, previously strategy and
acquisitions director at Quilter Private Client Advisers and
Speirs, formerly the MD of the same firm. The acquisition is
being backed by growth capital specialists, Cabot Square Capital,
the group said in a statement yesterday.
Rose will become chief executive and Speirs will become the
executive chairman of the business.
All staff at MKC Wealth will be shareholders.
“We are going to be making acquisitions, but we will not be
racing for scale like others in the sector to the detriment of
these assets. We see ourselves as a smaller, client-centric,
alternative to the large traditional consolidators,” Rose
said.
“Nigel and I are really excited to be working with both Cabot
Square Capital and the team at MKC Wealth, as we build on their
proven track record. We picked Cabot Square Capital for their
expertise in financial services and for their long-term approach
to investment. We wanted an investor that was going to be patient
as we’ll only be making acquisitions where we feel there is a
good cultural fit and at a sensible, sustainable pace. We picked
MKC as the platform for growth because of its track record,
unique culture and client focused approach.”
Barry Cunningham, owner of MKC Wealth, remains director of client
services. The firm is 20 years’ old.