We are pleased to announce that the Corporate Finance Team has advised the shareholders of Absolute Sense Independent Financial Advisers Ltd (“Absolute Sense”) on the successful sale of the business to Beckett Investment Management Group Ltd (“Beckett”), a leading financial planning and employee benefits group backed by private‑equity investor Foresight.
Absolute Sense, based in Ely and owned by Paul Waggitt, Peter Waggitt and June Waggitt, has built a strong reputation for delivering high‑quality, independent financial advice to private clients across Cambridgeshire. The acquisition by Beckett represents a strategic expansion of its advisory footprint in the East of England and aligns with its continued growth strategy supported by Foresight.
The team was led by Philip Olagunju, supported by Asaad Khan and Darren Hagan. We led the negotiations through to completion, working closely with Buckles LLP, with Alastair Gunn and Pavneet Aneja providing legal advice to the vendors throughout the transaction.
Paul Waggitt, shareholder of Absolute Sense, commented:
“It is not every day that you get an opportunity to sell your business and so there was a lot to learn in a very short space of time, as well as a lot that could go wrong. Working with Philip, Darren and Asaad in the Corporate Finance Team at PEM helped to navigate many of the issues involved during the negotiations as well as demystify some of the business jargon involved. We negotiated terms that might not have been possible without their guidance and support – making sure that we secured a deal that we felt was right for us. We can’t thank them enough and on a human level they were three really nice guys to deal with who were always contactable. I would strongly recommend that they are included in your deal team if you are looking to sell your business.”
Philip Olagunju, Partner, Corporate Finance, added:
“It was a pleasure to advise Paul and Peter on this transaction. Asaad and Darren played pivotal roles in the negotiations and in managing the process. I am pleased with the successful outcome, and all of us at PEM wish the parties the best with the future.”
The transaction marks another successful advisory engagement for PEM’s Corporate Finance team, reinforcing its position as a leading adviser to privately owned businesses across the region.