James Cowper Kreston Corporate Finance (“JCK”) supported Alquity with Financial Modelling and Due Diligence for its Strategic Acquisition of VAM Funds
“JCK provided exceptional support throughout the acquisition. Their modelling gave us a clear, credible view of the combined-group’s potential – invaluable as we engaged with funders. Their diligence, responsiveness and commercial insight meant we could move forward with confidence at every stage. You really know when you are working with great people and I cannot recommend the JCK team highly enough.”
— Paul Robinson, Founder & Executive Chairman, Alquity
The Situation
Alquity Investment Management, a leading responsible investment manager, was pursuing international expansion as part of its ambition to build a multibillion‑dollar global platform. Its acquisition of VAM Funds – an international fund management group based in Luxembourg and Mauritius – represented a major step in strengthening its global footprint and accelerating AUM growth.
To support both the transaction and associated fundraising, Alquity required a robust financial model and financial due diligence to demonstrate and challenge combined‑group performance, investor returns and long‑term growth potential. JCK was engaged to deliver specialist financial modelling and financial due diligence.
Our Approach
Drawing on our investment management expertise, JCK delivered comprehensive technical and transaction support:
- Developed a detailed transaction model in Excel that consolidated and analysed historical financials, fee income streams, AUM, operating costs and commercial drivers to establish a clear baseline and forecast future performance of the combined-group under multiple growth and fundraising assumptions.
- Performed sensitivity and scenario analysis to test key assumptions and demonstrate the robustness of the transaction by illustrating the financial impact of a range of market and investment outcomes for both internal decision making, and fundraising discussions.
- Conducted financial due diligence on VAM Funds to assess historical performance, revenue composition, operating cost base, client flows and underlying financial risks relevant to the transaction.
- Provided commercial insight and strategic alignment by working closely with Alquity’s leadership to ensure that modelling outputs and diligence findings were consistent with the firm’s strategic ambition to build a multibillion‑dollar international investment management platform.
The Result
The acquisition completed successfully, marking a major milestone in Alquity’s strategy to build a world‑class global investment platform. Through the acquisition of VAM Funds, Alquity:
- Significantly expanded AUM and strengthened its global distribution capability.
- Enhanced its ability to attract institutional capital and accelerate fund inflows.
- Broadened its range of investment options, combining VAM’s established IFA platform with Alquity’s leading ESG and impact funds.
JCK’s financial modelling and due diligence provided Alquity with the clarity and analytical confidence needed to progress the acquisition and secure the fundraising required to deliver its long‑term growth plans.
