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Capital and Trust - April 21, 2022 - 0 minute read

European private equity investor, Nordic Capital has agreed to purchase Ascot Lloyd, one of the UK’s fastest growing independently owned IFA.

Nordic Capital prides itself on creating stronger, sustainable businesses through operational improvement and transformative growth, it has a history of investing in financial services companies and with partnering with Ascot Lloyd’s management team it will support the company’s client offering by further developing its digital growth, increasing its focus on sustainable savings and accelerate organic and inorganic growth.

In 2013 Oaktree Capital Management invested in Ascot Lloyd and then went onto acquire it in 2017. The IFA business has more than 20,000 clients and provides financial planning, wealth management and corporate benefit solutions. Ascot Lloyd currently has £10bn of assets under influence and has over 500 staff and 17 offices spread across the UK. Ares Management Corporation also owns an interest in Ascot Lloyd after providing financing at the start of 2021.

The fee has yet to be disclosed.

CEO of Ascot Lloyd, Nigel Stockton, said: ‘ We found a great partner in Oaktree, and more recently Ares, who helped us build a great business. We are now thrilled about the opportunity to work with Nordic Capital, whose partnership approach will continue to see our people and our culture at the heart of our success.

‘Their investment, supported by deep expertise in financial services, will give us substantial new firepower to accelerate our growth, enabling us to increase the ambition of our acquisition strategy and further invest in people and technology to support our organic growth.’

Federico Alvarez-Demalde, managing director at Oaktree Capital Management, said: ‘In Nordic Capital we are pleased to have found the right partner and investor for the next stage of Ascot Lloyd’s growth. We wish Nigel and the whole team the very best as they continue to develop this fantastic company.’

If you’d like a confidential, obligation-free discussion about selling or acquiring a Wealth Management / Asset Management business, please click here, alternatively contact us on 0207-043-4300 or email us.

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