A Dorset-based mortgage brokers has been sold to a European wealth management firm.
Davidson Deem has been sold to Lumin Wealth, part of Swiss financial provider VZ Group, as part of the firm's long-term strategy to grow in the UK's mortgage industry. The sale was overseen by KBS Corporate associate director Matthew Sibley.
Led by directors Peter Stokes and Brian Keane, Davidson Deem provides mortgage brokerage services across the UK. The firm has secured mortgages since 1989. Mr Stokes and Mr Keane were ready to explore the M&A market, looking to expand under the impetus of new ownership.
