Cooper Parry on the lookout for acquisitions following PE investment

Cooper Parry Wealth has secured a significant investment from Netherlands-based Waterland Private Equity for the purpose of “accelerating growth”.

As part of the deal, Cooper Parry will become a limited company, with Waterland taking a significant stake in the company.

Stephen Jones, Cooper Parry Wealth chief executive, told International Adviser: “This deal just feels right. It’s the right time to help us turn our ambitious vision into reality. It’s the right fit with a business who bought into this vision. And, frankly, it’s going to accelerate our journey on our chosen direction of travel.”

The Derby-based firm grew by 500% last year independently –  with PE backing, it hopes its growth will be “turbocharged”. A spokesperson commented that it is looking for suitable acquisitions, with a “number of realistic options” in the UK already being considered. 

Dominic Graham, investment director at Waterland Private Equity added: “We are delighted to partner with Cooper Parry – there was a meeting of minds from our first interaction with Ade and the team. Cooper Parry is clearly differentiated in a crowded market and well-placed to take advantage of continued structural change driven by regulatory change and client demands. We love their unique approach to people, which has resulted in a strong entrepreneurial culture and market leading employee and client satisfaction. Our partnership will help Cooper Parry do more for its people and clients.”

The value of the investment has not been disclosed.

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