Stockbroker Rowan Dartington acquired by private investors

10 Feb 2011 | News - Comment now

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Stockbroker Rowan Dartington acquired by private investors

Wealth manager Rowan Dartington & Co has been acquired by a consortium of private investors in a deal that will see staff retain a 15 per cent stake in the company.

The transaction is due to complete at the beginning of March.

The consortium, Rowan Dartington Holdings, is led by industry figure Graham Coxell, who becomes chief executive. David Burrows remains  as director and chief operating officer, Sue Evans  as director and Andrew Morris as managing director of Signature. David Snow becomes a non-executive director.

Coxell, who previously held senior positions at both Capita and Marlborough Stirling said with £1 billion of client assets, Rowan Dartington has had to navigate through some significant challenges over the last few years, but has remained one of the most significant players in the market.

'It has been a difficult couple of years for the company, but its values have remained the same since it was established - it prides itself on putting customers at the heart of everything it does,' said Coxell.

'The fact that a considerable proportion of staff, at all levels, chose to invest in the business alongside us  as part of this deal, shows they have a firm belief in the future of the company.'

The recapitalisation as a result of the acquisition will significantly strengthen the company’s balance sheet, enable continuing investment in recruitment and IT and allow further expansion and improvements to the business, the company believes.

Headquartered in Bristol, Rowan Dartington was founded 20 years ago.  Providing investment management to IFAs, individuals, companies, charities and trusts, it employs 90 people in six locations across the UK.

Related topics: Rowan Dartingon, Stockbroker

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