MWA, the national IFA buy and build platform backed by Coniston, has secured a £7.5m funding package from Frontier Development Capital (‘FDC’). This transaction provides MWA with a long-term debt facility to help fund further acquisitions and support their growth strategy.
Amit Hindocha, who led the transaction for Coniston alongside Beatriz Geraldes commented “Obtaining this funding package marks an important milestone in progressing MWA’s buy-and-build strategy. We are pleased to be working alongside FDC and to support the ongoing growth of MWA.”
Charlie Robinson, who led the transaction for FDC commented “We are delighted to be providing MWA with this funding facility, and we are excited to build on our relationship with Coniston and the team at MWA to support their development plans in the IFA sector.”
MWA and Coniston were advised by Browne Jacobson’s banking team led by Emma Hinton and corporate team led by Matt Dorman. FDC were advised by Chris Jones and Karem Al-Dahleh from Gateley plc.
MWA secured an initial growth capital investment from Coniston in October 2023 to fund their acquisition strategy. MWA have made nine acquisitions to date and have further acquisitions in the pipeline.
