Lee Equity Partners to acquire a majority stake in Shackleton from Sovereign Capital Partners.

Lee Equity Partners, a private equity firm, agreed to acquire a majority stake in Shackleton, the UK Independent Financial Advisory and wealth management business, from Sovereign Capital Partners, a private equity firm. Financial terms were not disclosed. “The Shackleton transaction perfectly demonstrates our Buy & Build expertise in action. Over four years, we completed 18 strategic acquisitions, each carefully selected to expand Shackleton's geographic footprint and strengthen its service capabilities. The quality and pace of our acquisition programme has positioned Shackleton as the clear market leader it is today,” James Dargan, Sovereign Capital Partners Partner.