LK Shields advises Fairstone Ireland on its expansion into the Irish market

PUBLISHED: 27th February 2024

LK Shields is delighted to have advised Fairstone Ireland on its three recent partnerships with Carey Financial Planning (Galway), Murray & Spelman Financial Services (Galway & Kildare) and Premier Financial (Tralee, Co. Kerry).

Fairstone is a leading player in the wealth management market and entered the Irish market in 2022 through its acquisition of Pax Financial, otherwise known as “AskPaul”, and has since expanded its footprint in Ireland through these three recent partnerships.

Fairstone completed these partnerships through its groundbreaking downstream buyout (DBO) model which has seen a successful role out across 60+ acquisitions in the UK.  The DBO model aims to integrate firms into the Fairstone business model prior to acquisition, allowing firms to tap into Fairstone's investment, technology and client base to maximise their capital value.

The LK Shields team advising on these transactions was led by Ruairi Mulrean (Partner) and assisted by Dan Keegan (Associate).