Announced
Completed
Financials
Tags
Private Equity
Private
Friendly
Majority
Single Bidder
Acquisition
Asset Managers and Custodians
Domestic
asset and wealth management
United Kingdom
Completed
Synopsis
Cinven, a private equity investment firm, completed the acquisition of a majority stake in True Potential, an operator of an integrated investment and wealth management technology platform. Financial terms were not disclosed. “The combination of Cinven’s longstanding track record in both Financial Services and TMT, along with True Potential’s strong management team and integrated business model, will support the company’s future growth. In particular, this transaction will enable continued investment in True Potential’s financial adviser recruitment and its technology platform," Caspar Berendsen, Cinven Partner.
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