Park Place advised the management team of Progeny on the majority equity investment from US based Further Global Capital Management.

Progeny is a multi-disciplinary wealth management and professional services firm and is the first and only business in the UK to integrate independent financial planning, investment management, property, tax, HR and legal services. The integrated concept was born in 2014 and they have experienced rapid growth to date, and now have £2.9bn AUM with over 200 employees.

The transaction enabled the management team, led by CEO Neil Moles, to access capital to help accelerate their organic growth and aggressive M&A strategy. The transaction provided a liquidity event for the team whilst retaining a material minority shareholding.

Ben Peacock from Park Place Commented: ‘I’m delighted that we have helped deliver a smooth transition in Progeny’s ownership and secure a deal that will support management’s long term growth aspirations. It was particularly pleasing that a professional services team with extensive M&A experience recognised us as best placed to advise them in such a personally significant transaction.’

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