Blake Morgan advises Foster Denovo on four deals in six months as financial advisory firm steadily expands
Law firm Blake Morgan has supported financial advisory business Foster Denovo on completing four acquisitions in less than six months as it steadily expands across the UK.
Blake Morgan’s team – led by corporate partner Stojan Essex – has played a pivotal role in supporting the business’ move into Scotland and its growing footprint across the Midlands.
The firm has advised Foster Denovo on its acquisition of two established advisory firms in Glasgow – Rosemount Asset Management and Verum Wealth – which collectively has bolstered the business with over £250 million of assets.
In tandem, it has advised on Foster Denovo’s purchase of Leicestershire-based advisory firm 80Twenty, which contributed over £500 million under management and funds under influence.
Blake Morgan also supported the business in acquiring Staffordshire-based Brian Mole Independent Financial Advisers which has contributed close to £300m of assets under advice.
The deals were completed between late summer 2024 and early 2025.
Blake Morgan has acted for Foster Denovo for many years, having previously advised the business in 2022 on its securing of up to £100 million of funding from US private equity firm Crestline. The firm continues to provide legal counsel to Foster Denovo as it looks to continue its growth, helping it to successfully negotiate acquisitions to support this.
Stojan Essex, partner at Blake Morgan, commented:
It has been a pleasure to work with the skilled and dedicated team at Foster Denovo, as they pursue their ambitious and measured expansion across the UK. We’re proud to have played a part in getting these four acquisitions over the line, including the deals to establish Foster Denovo’s first office in Scotland – a landmark moment for the business.
Foster Denovo CEO Roger Brosch said:
A great deal of work goes into ensuring the right acquisitions and the right outcome for all involved and Blake Morgan plays a big part in this. Over the years, Stojan and the wider team’s experience and counsel in this specialised area have been invaluable, as is their professional yet flexible approach. With a promising pipeline for 2025, we know we can rely on their energy and expertise as we continue to move forward.
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