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September 21, 2020

Schroders inks Sandaire takeover deal to grow business for super-rich

Schroders  has agreed to buy London-based £2.2bn family office Sandaire in a bid to bolster its wealth management offerings for UHNW clients.

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The deal, whose value was not revealed, awaits regulatory nod.

Deal details

Sandaire will become part of Cazenove Capital – Schroders’ wealth management unit that advises wealthy families, family offices and endowments.

Schroders snapped up Cazenove Capital in 2013.

Schroders global head of Wealth Management Peter Hall calls Sandaire a “strong cultural fit”.

“This acquisition will create one of the UK’s top multi-family offices and be a springboard for developing an exceptional global service in this space,” Hall noted.

Set up in 1996, Sandaire was formed to manage the Scott family wealth following the sale of its Provincial Insurance business.

As part of the deal, Sandaire founder Alex Scott will assume the role of chairman of Schroders family office services.

Scott stated: “Our family has chosen to partner with Schroders in recognition that by combining Sandaire’s specialist expertise in the Family Office field, Cazenove Capital’s leading position as adviser to families of significant wealth in the UK, and Schroder’s impressive global reach and investment capability, there is the opportunity to deliver a truly distinctive proposition to our family members and fellow clients.”

Other acquisitions

Earlier this year, Schroders agreed to buy a majority interest in Pamfleet.

Moreover, in 2019, Schroders-owned Benchmark Capital picked a majority stake in TRPP Wealth Management (Retirement Planning Partnership).

In 2019, Schroders bought a majority interest in BlueOrchard and agreed to sell its full 41% equity stake in RWC Partners.

In the same year, Schroders took full ownership of Secquaero Advisors.

In 2019, Schroders also acquired Blue Asset Management and agreed to buy Thirdrock Group’s wealth management unit.

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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