Skip to main content Skip to footer

Mattioli Woods plc:

Placing raising £110 million and Proposed Acquisition

Mattioli Woods is pleased to announce the Company has successfully raised £110 million, before expenses, at an Issue Price of 660 pence per Ordinary Share, comprising:

The issue of the Conditional Placing Shares and the PrimaryBid Shares is conditional on, inter alia, shareholder approval at the General Meeting.


The proceeds will be used to fund the proposed acquisitions of Maven Capital Partners UK LLP (“Maven”) and LWMG Topco Limited (the holding company of Ludlow Wealth Management Group Ltd). The acquisitions are in line with the Group’s strategic aspirations to accelerate growth while enhancing organic growth opportunities; adding scale, distribution and product

Ian Mattioli MBE, Chief Executive Officer of Mattioli Woods, said:

“These acquisitions mark significant milestones in Mattioli Woods’ journey.  Since our admission to AIM in 2005 we have seen significant expansion in both the size and nature of our business, responsibly integrating asset management, financial planning and employee benefit services to serve personal and corporate clients throughout the UK.

The acquisitions of Maven and Ludlow Wealth Management represent meaningful progress towards our ambitious medium-term goals.  We have a strong track record of combining like-minded businesses that share the same culture and ethos of putting clients first.  The teams at Maven and Ludlow Wealth Management share our passion for delivering exceptional client outcomes and going the extra mile.  Throughout our discussions with Bill Nixon at Maven and Ian Hemingway at Ludlow Wealth Management, it has been apparent that we share a desire to continue growing the enlarged Group, further enhancing our client proposition and delivering sustainable shareholder returns.

These transactions represent a complementary extension of the Group’s existing investment proposition and add to our distribution capacity, allowing us to continue developing our product offering, accelerate organic growth and realise both revenue and cost synergies.  I believe we are better-positioned than ever to provide our clients with the proactive advice and bespoke investment solutions they require.”

Singer Capital Markets is acting as Joint Bookrunner and Joint Broker to Mattioli Woods.

About Mattioli Woods plc

Mattioli Woods is a specialist wealth and asset management business with multiple offices throughout the UK. Achieving growth both organically and by acquisition, the Group administers more than 10,000 clients and holds over £10 billion of assets.

Ticker: MTW
Market Cap: £207.5 million*
Website: Click here

*As at 26/05/2021

Contact us