Provided Smart Capital | Completed Aug 2017 | Mid market – $100m – $150m
Business overview
  • Premier positioned Australian financial planning group with a client-centric advice model and ~$7bn Funds Under Advice (FUA) after acquisition of Retirement Victoria
  • Investment management arm, Atrium, supports wealth network with ~$1.5bn of Funds Under Management (FUM)
  • Quality management and track record of growth in adviser numbers, clients, FUA and FUM
What we did
  • Identified a quality business that would benefit from Smart Capital – Yorkway’s unique combination of strategic, business and investment expertise
  • Leverages the Yorkway team’s strong experience in financial services space
  • Worked with the board and management to identify business drivers and a number of strategic growth opportunities
  • Identified and introduced appropriate private equity investor to anchor investment alongside Yorkway
  • Identified and introduced an initial strategic acquisition (Retirement Victoria) to commence the growth program
  • Yorkway originated, negotiated and structured the transaction including the acquisition of Retirement Victoria
  • Yorkway took an equity stake, together with Quadrant Private Equity
  • Collectively funded the acquisition of a strategic bolt on business, Retirement Victoria

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“We are delighted with the strategic benefits of Yorkway’s ‘smart capital’ solution, providing Fitzpatricks with ‘capital’ to pursue growth strategies and the ‘smarts’ of Yorkway’s extensive networks, strong financial service and business management experience to assist Fitzpatricks maximise growth opportunities.”

John McMurdoGroup CEO & MD, Fitzpatricks Group

“The Yorkway team’s strong business experience and financial services market experience was evident in their understanding of where Retirement Victoria was coming from and wanting to go. They presented us with a culturally aligned acquiring partner, Fitzpatricks, who intrinsically values our client-centric advice approach.”

Hugh DicksonManaging Director, Retirement Victoria