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June 9, 2022

Lovell Minnick Partners to take majority ownership in London & Capital

US-based private equity firm Lovell Minnick Partners (LMP) has signed a deal to buy a majority stake in London & Capital, a London-based, wealth and asset manager with £4.1bn in assets.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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by GlobalData
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Financial terms of the deal were not revealed. The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approvals.

London & Capital caters to domestic and international high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals.

In the last five years, the firm is said to have grown its assets, revenues, and profits. It also launched its services into Europe to support clients post-Brexit and developed multiple new services and technology solutions for its expanding client base.

At present, London & Capital has more than 800 private and institutional clients. It has 120 employees, including more than 50 dedicated investment professionals and financial advisers.

London & Capital CEO Guy McGlashan said: “We are at an exciting point in our evolution as a firm, and attracting the private investment plus the operational support LMP offers, will allow us to expand our client solutions, grow internationally, invest in technology, and bring on new teams. We look forward to working closely with the LMP team.”

Under the terms of the transaction, London & Capital management team will retain a significant minority stake in the firm and continue to lead the business.

Commenting on the deal, LMP partner Spencer Hoffman said: “London & Capital’s long-standing success and stability is a testament to their comprehensive and client-centric approach to wealth and asset management.

“Their excellent client relationships, strong culture and talented teams position them very well for organic and inorganic growth in what are largely fragmented markets both locally and internationally.”

In 2019, Lovell Minnick made a minority investment in American advisory firm Pathstone.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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