Oaktree acquires Sanlam Wealth UK in £140m deal

Recently invested in Ascot Lloyd

James Baxter-Derrington
clock • 1 min read
Sanlam Wealth UK chief executive Jonathan Polin.
Image:

Sanlam Wealth UK chief executive Jonathan Polin.

Oaktree Capital Management has acquired Sanlam Wealth UK for a total consideration of £140m, subject to regulatory approval.

The deal is expected to close in the first quarter of 2022. Sanlam Wealth will retain its brand during a transition period but will adopt a new brand and identity "in due course". It will remain an...

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