MDW Capital advises Verso Wealth Management

London, 15^th May 2023

In what has been a busy start to 2023, MDW Capital is pleased to announce the completion of its latest
transaction, advising Verso Wealth Management (“Verso” or the “Group”) on arranging substantial new
debt facilities with Investec Bank plc to support its buy and build investment strategy, as the Group
continues its impressive growth.

Verso, a portfolio company of Cairngorm Capital, is a leading technology-enabled wealth manager,
providing independent financial advice and investment management to savers throughout the UK.
Verso looks after nearly £2 billion of client assets. MDW worked in close partnership with the company
and Cairngorm throughout the process and secured the sizeable and highly flexible financing package
despite the challenging financial and banking environment.

The Group selected MDW Capital given the firm’s unrivalled expertise in providing borrowers with best
in class advice, from a team that has been borrowers and shareholders in the past.

Neil McGill, Cairngorm Managing Director, commented “as a firm we have worked with the MDW team
previously. Their approach, process management and advice is consistently of the highest standard.
They understand what is important to an investor when structuring debt facilities for our portfolio
companies. MDW Capital’s advisory style really sets them apart: our respective teams work seamlessly
together.”

Andrew Aylwin, Managing Partner at MDW Capital added “we are delighted to have supported Verso
and Cairngorm in arranging this important financing, which marks MDW’s 59^th completion. It was
delivered with the same dependable excellent quality of advice that our clients value so highly; advice
that is born of our deeply rooted experience of being shareholders and investors. We congratulate the
entire team on the completion of this transaction and look forward to tracking the continued growth and
success of the business.”

Helen Lucas, Co-Head of UK Sponsors Origination at Investec, said “developed through close
collaboration with the team at MDW, Verso’s financing solution provides both bespoke flexibility and
additional firepower to support the Group’s and Cairngorm’s investment strategy. We have been
lending to UK wealth management companies since 2010 and continue to build our book in the sector.
We look forward to continuing to work with Cairngorm and Verso as we do so.”