Wed, 18 Dec 2024 | BUSINESS SALE
Private equity backed Titan Wealth has bought UK peer, Independent Wealth Partners, for an undisclosed sum.
Titan Wealth,backed by Parthenon Capital Partners, Ares Management and Hambleden Capital, provides a range of wealth and asset management services.
Warwickshire-based Independent Wealth Partners, founded in 2019, has grown by acquiring like-minded firms across the UK. It now has over 130 financial planners.
The deal includes IWP’s two trading entities, IWP Financial Planning Limited and IWP Investment Management Limited, adding £6.6 billion of client assets to Titan Wealth.
According to Titan Wealth the deal means it will become one of the largest financial planning businesses in the UK with more than £14 billion of assets under advice, as well as a total of £35 billion in assets under management.
Andrew Fearon, joint chief executive and head of M&A at Titan Wealth, said: “It has been a long-term goal of mine and James Kaberry, as co-founders of Titan Wealth, to acquire and partner with one of the leading IFA platforms in the UK and we are delighted to have fulfilled this ambition with our acquisition of IWP.”
Rob Allen, chief executive of IWP Holdings, added: “Throughout the deal process, it has been clear to all of us at IWP that Titan Wealth shares our emphasis on driving consistent improvements to the client journey and delivering the best possible client service. Following a period of significant growth and consolidation as a standalone business, joining Titan Wealth represents a fantastic opportunity and next step. I am excited by the benefits that this powerful combination will provide for both clients and colleagues.”
The acquisition is subject to regulatory approval.
Titan Wealth was advised by Continuum Advisory Partners as its sole financial adviser, White and Case LLP providing legal help and Deloitte providing financial due diligence.
The move comes shortly after Titan’s acquisition of Ravenscroft Investments Limited, a wealth management service business operating in both Guernsey and Jersey, this October.
Find out more about Titan Wealth's M&A strategy
This hub business in the East of England offers an exceptional opportunity to expand or establish a presence in Suffolk. Its strong market position and impressive track record make it an attractive proposition for strategic buyers.
This well-established London practice, with over 35 years of reputable service, offers a strong client base predominantly consisting of limited companies and a skilled team that drives continuous growth.
An established solicitors’ firm regulated by the SRA and based in Warwickshire is available for sale or merger, offering a unique opportunity for potential buyers.
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