US PE firm acquires majority stake in London & Capital
Management team will retain a ‘significant minority stake’
M&A
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Wren Sterling buys Manchester adviser
Company’s first acquisition since its MBO in July 2021
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Somerset wealth manager acquires outsourcing business
It is targeting 15% annual growth over the next five years
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Franklin Templeton buys BNY Mellon’s European credit business for up to £790m
Acquisition of Alcentra will bring firmwide alternative assets to £219bn
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Progeny acquires Hampshire-based advice firm
Its third acquisition since a US-based private equity firm bought a majority stake in the business
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Benchmark Capital buys Northern Ireland advice firm
Deal adds £120m in client assets to the Schroders’ subsidiary
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Tavistock buys research firm for £3m
It acquired 21% of parent company LEBC Holdings at the start of the year
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Brooks Macdonald scoops up £250m with wealth firm acquisition
Its IFA subsidiary is also part of the deal
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SJP partner firm acquires Scottish advice business
It is the company’s second deal in three years
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Kingswood buying spree continues as it inks fifth IFA deal this year
It has four potential acquisitions ‘in exclusive due diligence’
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Morningstar acquisition of Praemium International greenlit
FCA and Jersey regulator give deal their respective nods of approval
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Perspective Financial Group buys Cambridgeshire firm
It has made 51 acquisitions since 2008 and has a ‘good pipeline’ for even more in 2022/23
