OCTOBER 03 2022
Nordic Capital, a leading European private equity investor, has completed the acquisition of Ascot Lloyd, one of the UK’s largest and fastest growing independent financial advice (IFA) firms, from Oaktree Capital Management following regulatory approval from the Financial Conduct Authority (FCA).
The transaction shows commitment to Ascot Lloyd’s strategy to expand its client offering through continued organic and inorganic growth.
Ascot Lloyd has seen considerable growth and development under its current management team. Today the business is approaching £10 billion in funds under influence, serving in excess of 20,000 core clients.
Nigel Stockton, CEO of Ascot Lloyd, said: “Following nine years of considerable progress with Oaktree, we are delighted that Nordic Capital’s acquisition of Ascot Lloyd has now completed. Their investment, supported by their expertise in our sector, will give us substantial new firepower to accelerate our growth, enabling us to extend our inorganic M&A strategy and further invest in our people and technology. I look forward to working with Nordic Capital on this next phase of Ascot Lloyd’s story”.
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For further information please contact:
FTI Consulting (Ascot Lloyd)
Tom Blackwell, FTI Consulting: +44 (0)7747 113 919
Equity Dynamics PR Ltd (for Nordic Capital)
Corinna Vere Nicoll, Tel: +44 7825 326 440
Emily Weston, Tel: +44 7967 838 205
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
Notes to Editors:
About Ascot Lloyd:
Ascot Lloyd is one of the largest independent IFA firms in the UK, with £9.8 billion funds under influence as at 31 December 2021. The group provides financial planning, wealth management and corporate benefit solutions through over 130 IFAs serving more than 20,000 core clients. Employing over 500 staff, the business operates out of 17 locations nationwide.
About Nordic Capital
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 20 billion in over 125 investments. The committed capital is principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”
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