SHAREHOLDERS OF TRUINVEST SELL EQUITY STAKE TO STONEWOOD CAPITAL PARTNERS

Truinvest’s co-Founders, Mark Smith and Micky Johal have sold their equity stake to Stonewood Capital Partners (SCP), a business based in Guernsey. Stonewood Capital Partners is an Investment Holding company that invests its shareholders’ capital in businesses that operate in the Global Wealth and Investment Management industry.

Truinvest was acquired by Stonewood Capital Partners in 2019, SCP is now sole shareholder of the business.

Mark Smith, CEO of Truinvest said: “Micky Johal and myself are pleased to announce we have reached an agreement with Stonewood Capital Partners to acquire our interest in Truinvest Group as a result of the strong growth of the business.”

Micky Johal, has also commented: “Having taken a business from a simple strategy of bringing like-minded firms together all the way to execution, in just under three years, we looked after over £1bn ($1.3bn, €1.2bn) of client assets, employed over 75 staff across four locations.

“It was a fantastic journey, and we wish the team the best of luck.”

Chief executive of  SCP, Sean Patterson, now becomes group chief executive of Truinvest.

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