Houlihan Lokey Advises on the Sale of Ascot Lloyd

Houlihan Lokey is pleased to announce that Ascot Lloyd, a portfolio company of funds managed by Oaktree Capital Management, LP (Oaktree) and Ares Management Corporation (Ares), has been acquired by Nordic Capital. The transaction closed October 3, 2022.

Ascot Lloyd is one of the largest independently owned IFA firms in the UK, with £9.8 billion funds under influence as of 31 December 2021. The group provides financial planning, wealth management, and corporate benefit solutions through over 130 IFAs and serves more than 20,000 core clients. Employing over 500 staff, the business operates out of 17 locations nationwide.

With a deep understanding of the financial advice and wealth management market, Nordic Capital will partner with Ascot Lloyd’s management to support the company’s client offering, which will include further developing its digital proposition, accelerating organic and inorganic growth, and further increasing its focus on sustainable savings.

Houlihan Lokey served as the sole financial advisor to Oaktree, Ares, and Ascot Lloyd. This transaction further strengthens Houlihan Lokey’s leading reputation in the wealth management sector. Other recent transactions include advising on the sales of Wren Sterling to Lightyear, Cardale Asset Management to Titan, Stadion to Smart, Formue to IK and ICG, and the acquisition of James Hay and Saunderson House through IFG Group.