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New Deal


Announced

Aquiline Capital Partners to invest in Wealth at Work.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

United Kingdom

wealth management

financial advice

Investment Banking

Friendly

Majority

Single Bidder

Pending

Private

Private Equity

Synopsis

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Aquiline Capital Partners, a private investment firm based in New York and London, agreed to invest in Wealth at Work, a UK-based specialist provider of workplace financial education, guidance and regulated financial advice. Equistone will retain a minority stake in the company alongside Aquiline and management. Financial terms were not disclosed. "Individuals are facing increasingly complex and important financial decisions as they plan for retirement, which Wealth at Work helps them navigate. We believe that David and his team have built a platform that can deliver high-quality, personalised financial guidance and advice to a growing number of workplace savers across the UK in a highly scalable and technology-enabled manner. We are excited about partnering with them in the next phase of their journey," Jeff Greenberg, Aquiline Chairman and CEO.

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