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Hurst Point completes acquisition of Hawksmoor Group
Investment management firm Hawksmoor will become a separate subsidiary of Hurst Point.
Hawksmoor CEO Sarah Soar said: “Today marks a landmark in the history of Hawksmoor. Becoming part of the Hurst Point Group gives us support to grow and develop our investment and fund management business in line with our strategic objectives, as well as to improve our ability to deliver the highest quality service to our clients.”
Ian Gladman, executive chairman of Hurst Point Group added: “Hawksmoor’s investment and fund management expertise and their distinctive offerings bring a new dimension to the group, creating benefits to clients and opportunities for the future. We are already working together to deliver the future benefits of our partnership.”
Hawksmoor snapped up by private equity giant Carlyle Group
Follows acquisition of Harwood Wealth Management in March last year
Hawksmoor Investment Management is being acquired by Hurst Point Group, the portfolio company of global investment giant The Carlyle Group.
It is expected that a “number of share- and option-holders will roll over their stake in Hawksmoor into shares in Hurst Point Group”, the firms said in a statement.
Hawksmoor will become a separate subsidiary of Hurst Point Group.
The completion of the transaction is subject to Financial Conduct Authority regulatory approval and other customary conditions.
The financial terms of the deal were not disclosed.