Mobeus backs Ludlow Wealth MBO and acquisition plans

Mobeus Equity Partners has provided £8 million to back the management buyout of Ludlow Wealth Management Group (, an independently owned financial planning business in the North West of England.

Ludlow has over £850m of assets under management and a strong reputation for client service.  Under the leadership of Managing Director Ian Hemingway and Business Development Director David Hardman, Ludlow has a clear strategy to continue to build its regional focus and assets under management, both organically and through a series of strategic acquisitions.

Ludlow has grown assets under management substantially since it was founded in 1993 by Sid Ludlow, who has retired from day-to-day involvement in the business as part of this transaction, whilst retaining a minority shareholding. Between 2008 and 2013 Ludlow successfully integrated 12 acquisitions, establishing a network of five regional offices. 


Mobeus Partner Chris Price led the deal, supported by Freddie Bacon. Chris comments, “Ludlow Wealth has a strong track record of organic growth and successfully integrating acquisitions of different sizes. We believe that there is a place in the market for a consolidator who is not looking to push acquired clients into discretionary funds but instead provide focused advisory services that deliver against the clients’ own goals.”

Ian Hemingway, Managing Director, Ludlow Wealth, said “Ludlow takes pride in helping our clients make the right choices, enabling them to achieve financial peace of mind. This proven client focus is a key differentiator for the business and is increasing our market share, as well as making us an attractive acquirer for financial advisory businesses that share our passion for putting the client first.”

Phil Young, incoming Chairman, Ludlow Wealth (formerly Founding Partner and Managing Director of Threesixty Services LLP), added, "The timing of this deal is perfect for everyone concerned. The advice sector is full of M&A activity and the booming retirement market means that will continue for some time to come. We want the clients, advisers and staff of Ludlow to reap the rewards from this deal, as well as investors. We want it to be a great place to work for advisers, as that will be key to our future growth."

28 June 2017


Financial Services

28 June 2017