Shawbrook further supports Craven Street Wealth group with new acquisition funding

Craven Street Logo 2022
Client Craven Street Wealth
Sector Financial Planning & Wealth Management
Facility Commercial Loan
Funding Need Acquisition
Value Undisclosed
Team Corporate Lending
Region London & South East

 

  • Craven Street Wealth group acquires Tarvos Wealth Ltd, resulting in the group advising on £1.15 billion of assets under management
  • The group previously acquired Kreston Reeves Financial Planning Ltd and Christchurch Investment Management Ltd in 2021
  • After first supporting the group in 2021, Shawbrook Bank now supports the group’s latest acquisition through an undisclosed bespoke finance facility

Tarvos Wealth has been acquired by the Craven Street Wealth group.

Craven Street Wealth was created by the London based corporate finance firm, Craven Street Capital Ltd, following the simultaneous acquisitions of Kreston Reeves Financial Planning Ltd and Christchurch Investment Management Ltd in March 2021.

With the addition of Canterbury-based Tarvos Wealth, the Craven Street Wealth group will have the expertise of 18 Financial Planners, 9 with Chartered Financial Planner status, and will have £1.15 billion of assets under management.

This acquisition by Craven Street Wealth will allow clients and staff from the firm to benefit over time from the expansion of services, including investment propositions, platform technology and systems. Bringing Tarvos Wealth into the group means even more clients can benefit from a premium wealth management service.

This acquisition represents the next milestone in our growth strategy as we continue to bolster our position in the financial planning and wealth management market as a substantial challenger. The combined business provides a real opportunity for us to further enhance the service for our clients as we bring together the expertise of our people and our expanded services, and continue to build on the strong reputation and trust we already have in the market.

— Soondra Appavoo, CEO at Craven Street Capital Group

Soondra added:

“As we continue on our rapid growth journey, it was important to have the support of a lender who is familiar with our business, our strategy, and our needs. Having worked with us to support our previous acquisitions, where we launched Craven Street Wealth, the team at Shawbrook has continued to prove that they can deliver exactly what we need, with certainty.”

Shawbrook previously supported the Craven Street Wealth group in 2021, financing the growth of the firm and the acquisitions of Kreston Reeves Financial Planning Ltd and Christchurch Investment Management Ltd. Shawbrook continues to support the growth of Craven Street Wealth, providing an undisclosed bespoke finance facility to fund the latest acquisition by the group.

Adam Agius, Director in the Corporate Lending team at Shawbrook Bank, commented:

“This is a great example of how we can be there for our clients to support them with their long-term growth plans, as well as their immediate needs. This is an exciting time for the group as it operates at further scale, benefiting the clients with the expanded advice and services available, as well as unlocking additional capabilities and opportunities for the business.”

Sue Stratton, Client Director at Shawbrook Bank, added:

“We have worked closely with the Craven Street management team over the last 12 months and are delighted to support the next stage in the group’s growth journey. The combined businesses have a fantastic offering and reputation in the market, and we look forward to seeing this go from strength to strength. Having a close relationship with Soondra and the team really helps us to understand the vision and strategy for the business. It’s extremely rewarding to know that our flexible funding solutions have helped the team turn their plans into reality.”

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