Knights have supported the Mortgage Advice Bureau (MAB) with its latest investment in tech-savvy brokerage Heron Financial.
This follows on from Knights’ support of MAB and its wider group companies with investments into M&R FM and Evolve in 2021 and Meridian in late 2020, continuing MAB’s businesses strategy to further strengthen its position in the new build sector. Knights also advised Meridian with its onward acquisition of Metro Finance, specialising in the shared ownership market.
The investment into Heron Financial aligns with MAB’s own in-house technology expertise. Heron commented that the strategic partnership will 'empower future customers to better understand financial products and solutions and equip both businesses with customer insights to inform future proposition development'.
Knights’ Corporate team was led by Peter Abel and Gavin White with tax advice provided by Kate Featherstone and Jade Edgar.
Peter Abel, Senior Associate at Knights, commented: “It has been a pleasure working with the MAB team on their recent investments into Heron, Meridian and Evolve, and with the directors of Meridian in respect of its acquisition of Metro Finance. We look forward to seeing their future growth and success and working together on future acquisitions”.
Peter Brodnicki, Chief Executive at MAB, commented: “We’re delighted to welcome Heron Financial into our ever-growing network – a decision made easy by the synergies between the two businesses. Securing long-term business success is achieved by understanding the threats and opportunities that advances in technology will bring.
“Heron Financial puts technology at the forefront of everything it does, paying close attention to how it can enhance both the client and adviser experience. The broker’s systems, processes and approach to lead generation is superb, with exceptional adviser productivity.
“The business is headed up by an inspirational management team with a clear vision that adapts to meet changing customer needs – and with major growth plans on the horizon, we’re excited about what the partnership can bring.”