Lovell Minnick Partners has signed a definitive agreement to acquire a majority stake in London & Capital. London & Capital is an independently owned, London-based, wealth and asset manager with £4.1 billion (€4.79 billion/$5 billion) in assets under management. As part of the transaction, London & Capital’s management team will continue to lead the business and will retain a significant minority stake. Financial terms were not disclosed.
London & Capital has been at the forefront of London’s wealth management sector for more than 30 years, focusing on serving domestic and international high-net-worth and ultra-high-net-worth individuals, including many who have U.S. connections, and institutions. London & Capital has grown its AUM, revenues, and profits significantly in the past five years, extended its services into Europe to support clients post-Brexit, and developed multiple new services and technology solutions for its expanding client base. Th