DAVIDSON DEEM READY TO GROW UNDER LUMIN’S LEADERSHIP - KBS Corporate

DAVIDSON DEEM READY TO GROW UNDER LUMIN’S LEADERSHIP

Davidson Deem Ltd has been sold to a European wealth management firm in a deal overseen by KBS Corporate.

Davidson Deem Ltd has been sold to a European wealth management firm, with KBS Corporate Associate Director Matthew Sibley advising throughout the transaction.

Led by directors Peter Stokes and Brian Keane, Davidson Deem provides mortgage brokerage services across the UK.

The Dorset-based firm has secured mortgages since 1989, benefiting from a team of qualified, impartial advisers with a proven track record of success.

Peter Stokes and Brian Keane were ready to explore the M&A market, looking to expand under the impetus of new ownership.

Matthew Sibley said: “Peter and Brian have built a great business with strong financials and a large client base.

“KBS has a dedicated outreach team that can find the right buyers and Davidson Deem was an attractiveopportunity to approach prospective acquirers with.”

Lumin Wealth, part of Swiss financial provider VZ Group, has acquired Davidson Deem as a step in its long-term strategy to grow in the UK’s mortgage industry.

Utilising offices in London, Cambridge and St Albans, Lumin Wealth manages client assets valued at over £1billion.

“Lumin has identified Davidson Deem as the ideal platform from which to build its own mortgage network,” added Matthew Sibley.

“Peter and Brian have seen a great opportunity to grow with Lumin by upselling and cross-selling services across Europe, while offering further solutions to their own client base in the UK.”

Commenting on the sale, Peter Stokes said: “Over the past 12 months, we have carefully ensured this transition is seamless for our clients.

“Not only will they continue to have access to our mortgage services but they can also benefit from Lumin’s complete range of financial solutions, which spans everything from pensions and investments to retirement planning and protection.”

Davidson Deem was supported during the transaction by Leilah Ashurst of Nexus Solicitors.

Matthew Sibley added: “I’m very happy with the outcome. I’m glad Peter and Brian have been provided with such a strong future for Davidson Deem — it will be a great acquisition for both parties.”

dwn-br

download a brochure

Make a confidential enquiry

    Subject

    Message