TRANSACTION SUMMARY

On 9 June 2022, Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in financial services, financial technology, and related business services announced it had agreed to acquire a majority stake in London & Capital ("L&C"), the independently owned, London-based, wealth and asset manager with £4.1 billion in assets under management. As part of the transaction, L&C’s management team will continue to lead the business and will retain a significant minority stake. Financial terms were not disclosed.

L&C has been at the forefront of London’s wealth management sector for over 30 years, focusing on serving domestic and international high-net-worth and ultra-high-net-worth individuals, including many who have US connections, and institutions. The transaction will allow L&C to expand its solutions, scale internationally and invest in technology to further accelerate its growth trajectory. L&C has grown its AUM, revenues, and profits strongly in the last five years, extended its services into Europe to support clients post-Brexit, and developed multiple new services and technology solutions for its expanding client base.

LONDON & CAPITAL

Established in 1986, L&C is a specialist wealth and asset manager working with over 800 private and institutional clients. The Company supports its clients in developing financial strategies, investing with a focus on capital preservation and providing clear, concise global reporting. Many of L&C’s private clients are international, with finances, business interests, property, and family across multiple countries. The Company is a recognised market leader in advising US connected persons.

L&C’s institutional business offers a full end-to-end asset management proposition for its predominantly insurance company clients. From identifying investment objectives and risk appetite to portfolio construction and management, to ongoing monitoring and reporting. The Company’s deep expertise in insurance ensures portfolios are tailored also to meet the business requirements of its clients.

With offices in London, Barcelona and Barbados, and over 120 employees (50 of which are dedicated investment professionals and financial advisers), L&C is one of the few UK based wealth and asset managers which are UK (FCA), US (SEC) and EU (CNMV) regulated.

LOVELL MINNICK PARTNERS

LMP is a private equity firm focused on investments in financial services, financial technology and related business services. Since inception in 1999, LMP have raised $3.5 billion of committed capital from leading institutional investors, completing over 50 portfolio company investments and a further 140 follow-on acquisitions.

ROLE

SHP acted as financial adviser to L&C.