Mattioli Woods completes private equity firm buyout

Wealth manager buys PE business

Jenna Brown
clock • 1 min read

Mattioli Woods has completed its acquisition of Maven Capital Partners UK, a private equity and alternative asset manager, following shareholder approval.

The deal was first announced in May alongside the buyout of North West-based Ludlow Wealth Management. Maven provides investment opportunities in VCTs, private equity and property with regionally based teams across 10 offices and more than 90 investment executives and support professionals. Mattioli Woods said it was a strong cultural fit and was aligned with its strategic ambitions for growth. It added Maven would enhance the direct and intermediary distribution channels for the Mattioli Woods Group's new and existing products and services. Chief executive Ian Mattioli said: "This...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

The Penny Group acquires Midlands-based HNW advice firm

The Penny Group acquires Midlands-based HNW advice firm

Latest deal as part of the Chartered firm’s ‘buy and build’ strategy

Isabel Baxter
clock 12 March 2024 • 2 min read
FCA fines advice firm nearly £900,000 over British Steel failings

FCA fines advice firm nearly £900,000 over British Steel failings

IFM ‘poorly advised’ clients to transfer out of DB pension schemes

Isabel Baxter
clock 11 March 2024 • 2 min read
Swindon advice firm declared failed by FSCS for pensions advice

Swindon advice firm declared failed by FSCS for pensions advice

A.P Financial Services UK is no longer trading

Isabel Baxter
clock 11 March 2024 • 1 min read