KBS - Financial Services and Wealth Management - Market Insight

PRIVATE EQUITY ACTIVITY

REVELL WARD ACQUIRED BY DJH MITTEN CLARKE

KBS DEAL

Huddersfield-based accountancy firm Revell Ward, which provides bespoke financial and business support services to companies and private clients, was sold to private equity-backed DJH Mitten Clarke in a deal overseen by KBS Corporate.

A private equity consortium completed a £5.4bn takeover of Hargreaves Lansdown, the UK’s market-leading platform for retail investors, to accelerate and enhance its transformation plan and deliver on its growth potential. HARGREAVES LANSDOWN ACQUIRED BY A POWERHOUSE CONSORTIUM OF PRIVATE EQUITY GROUPS — CVC CAPITAL PARTNERS, NORDIC CAPITAL AND ABU DHABI INVESTMENT AUTHORITY

LLOYDS BANK’S £390M ACQUISITION OF EMBARK GROUP

Lloyds acquired investment and retirement platform business Embark Group in a deal worth £390m which was designed to improve its ability to address the mass market and self-directed wealth sector.

ADMIRAL WEALTH MANAGEMENT ACQUIRED BY KINGSWOOD

KBS DEAL

Grimsby-based Admiral, which offers comprehensive investment and pension advice and has been established for over 30 years, was sold to Kingswood, a fully integrated wealth and investment management group that operates internationally, with backing from Pollen Street Capital.

RDS ACQUIRED BY BGF

KBS DEAL

Altrincham-based RDS, which assists SME businesses and accountants in accessing R&D tax credits, received a £5m investment from the UK and Ireland’s most active growth capital investor, BGF.

Flexpoint Ford, a private equity investment firm specialising in the financial services and healthcare industries, acquired AFH, a leading UK financial planning-led wealth management firm. FLEXPOINT FORD’S £231M ACQUISITION OF AFH WEALTH MANAGEMENT