3rd December 2024
Amber River, a leading advice consolidator, has secured a £275m debt refinancing deal with private equity powerhouse Carlyle, further solidifying its position in the UK financial advice market. This refinancing will allow Amber River to repay £220m in loans to Ares Management while unlocking an additional £32.7m in capital to support future acquisitions and growth initiatives. The new debt facility, which will mature in 2031, highlights Carlyle’s commitment to fostering consolidation within the wealth management sector.
Since its establishment in 2019 under CEO Mary-Anne McIntyre, formerly of Openwork, Amber River has experienced remarkable growth. With over 70 acquisitions completed, the firm now manages £14bn in assets, employs 340 advisers, and reported a turnover of £93.2m in 2023, a significant increase from £74.1m the previous year. Its growth strategy focuses on investing in high-quality regional advisory businesses, a vision well-supported by Carlyle’s backing.
This partnership has enabled Amber River to acquire firms such as Harwood Wealth Management, Argentis, Hawksmoor, and Helm Godfrey. The refinancing reflects a broader trend in the financial advice sector, where private equity funding plays an increasingly crucial role in driving scalability, sustainability, and strategic consolidation.
At Chapters Capital, we specialise in financial planning and wealth management M&A, helping firms navigate transitions and explore growth opportunities. Whether you are considering a sale, merger, or expansion, our tailored approach ensures you receive expert guidance at every step. Contact one of our professional associates today for a confidential, no-obligation consultation.