We are delighted to announce today the acquisition of a majority stake in London & Capital by Lovell Minnick Partners (LMP). The transaction is expected to complete in the fourth quarter of 2022 once regulatory approvals have been received.
Partnering with LMP will mean we maintain our independent ownership, with all Partners and senior management of London & Capital continuing with the business and retaining a significant stake in the company.
LMP is a US-based private equity firm focused on financial services, financial technology and related business services firms. LMP has recognised the quality of our people, proposition and client centred approach and is eager to support us in further enhancing London & Capital’s proposition by investing in technology, further development of the client experience and extending our markets.
This change marks an exciting moment and new chapter in the history of our firm, and we are looking forward to our future partnership with LMP, which we are convinced will deliver substantial benefits to all our clients and staff.
“We chose to partner with LMP because of the firm’s excellent track record of working with management teams to scale and enhance wealth and asset management firms. Their deep experience in the space and our sense of shared values and culture align with our focus on providing an exceptional service and experience for our clients,” said Guy McGlashan, Chief Executive Officer at London & Capital. “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.
“London & Capital’s long-standing success and stability is a testament to their comprehensive and client-centric approach to wealth and asset management,” said Spencer Hoffman, Partner at LMP. “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.”
“Daniel would have been very pleased to see the continued success of the business as it moves into this new phase,” said Elaine Freedman, wife of the late founder of London & Capital, Daniel Freedman. “We are delighted with the new partnership with LMP and wish them and the management team every success in the future.”
If you have any questions please don’t hesitate to reach out to your usual contact at London & Capital or email invest@londonandcapital.com