Announced
Financials
Sources
Tags
United Kingdom
wealthtech
Acquisition
Friendly
FinTech
Private
Single Bidder
Majority
Pending
Private Equity
Synopsis
AnaCap Financial Partners, a specialist European financial services private equity firm, agreed to acquire Wealthtime, a wealthtech platform. Financial terms were not disclosed. "The acquisition of Wealthtime represents AnaCap’s first step into the UK wealth management space, with their highly impressive proprietary technology platform being a significant catalyst for the pursuit of this deal. Wealthtime is widely recognised in the IFA community for its high-quality service offering, while already showcasing an impressive customer base that has largely been established through word of mouth alone to date," Nassim Cherchali, AnaCap Managing Director.
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