Avedon Capital-backed Newtone Acquires Legent to Expand Wealth Protection Services for Entrepreneurs

Avedon Capital-backed Newtone strengthens its position in the wealth protection sector by acquiring Legent, a firm specializing in safeguarding entrepreneurs’ assets. The acquisition, announced on April 28, 2026, allows Newtone to expand its advisory services to cover both business and private wealth protection, addressing increasingly complex risks faced by entrepreneurs.

Newtone is an advisory and accounting firm for entrepreneurial Netherlands. The firm was formed in 2024 from the merger of Koenen en Co, HLB Witlox Van den Boomen, and PKF Wallast, and serves approximately 12,000 clients with over 1,100 employees across 12 locations, both nationally and internationally. The Legent acquisition follows another recent strategic move: Newtone earlier joined forces with M&A specialist Aeternus, with Aeternus continuing to operate as an independent corporate finance brand in the market while Newtone’s existing corporate finance activities were merged with Aeternus. The combined organisation, with 80+ professionals, is now the second-largest corporate finance firm in the Netherlands.

Legent will maintain its independent brand identity while operating under Newtone’s ownership. This approach aims to preserve Legent’s specialized expertise and client relationships, while enabling collaboration with Newtone’s broader advisory practice.

Newtone, a financial services firm focused on wealth protection, sees this acquisition as a strategic move to meet the rising demand among entrepreneurs for comprehensive asset protection. Rob Becx, Partner at Newtone, explains, “We see that entrepreneurs organize their business well, but often fail to adequately protect their assets — while that is precisely where the greatest risks lie. With Legent on board, we can have that conversation much earlier and more effectively.”

Legent’s founder and director, Jeroen Schellekens, adds, “Many entrepreneurs only consider wealth protection when it’s too late. I have witnessed firsthand the impact of bankruptcy on business owners who dedicated years to their companies but ended up with nothing. Legent was created from that experience. Within Newtone, we can help more entrepreneurs avoid such situations.”

The acquisition enhances Newtone’s ability to provide timely, well-structured advice on wealth management and risk mitigation. It also opens opportunities for cross-selling wealth protection services to Newtone’s existing entrepreneurial client base, potentially increasing advisory mandates through earlier client engagement.

Industry trends show entrepreneurs facing more complex challenges related to growth, financing, and business continuity, making integrated wealth protection increasingly relevant. Newtone’s expanded service offering positions it competitively against firms developing integrated business and private wealth advisory solutions.

Financial terms of the deal were not disclosed. No external advisors were reported to be involved. Newtone plans to integrate Legent’s expertise operationally while preserving its brand, aiming to avoid client confusion and maintain service quality.

Looking ahead, Newtone expects the acquisition to improve client retention by offering holistic risk management and wealth structuring solutions. The firm will focus on seamless collaboration between advisory teams to realize cross-selling potential and deliver comprehensive support to entrepreneurs.

For further information, Pim van den Boomen, Director of Marketing & Communication at Newtone, is the contact point. Newtone continues to publish insights and blogs to inform clients about evolving wealth protection topics.