Introduction

The Fund acquired a successful UK Wealth Management firm in 2018. The company has been operating for over 10-years and have seen strong growth over that period.

Story

The acquisition represented several opportunities in terms of scaling up the business, as well as using it as a platform for further acquisitive growth. During the Fund’s ownership the business continued to grow and was subsequently sold to a strategic buyer for a significant profit in the middle of the pandemic and despite the pandemic.  

Conclusion

Despite difficult circumstances in the industry since the acquisition, with both market volatility during 2018, new regulation and change of pension advice landscape, as well as the significant dislocation that was caused by the pandemic in 2020, the investment was successfully sold. Acquiring strong businesses with the right fundamentals and strength will continue to be a strong proposition.