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.
It is the company’s second acquisition in the sector in 12 months
Hurst Point Group, the portfolio company of global investment giant The Carlyle Group, has agreed to buy Hawksmoor 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 (FCA) regulatory approval and other customary conditions.
The financial terms of the deal were not disclosed.
Details
Hawksmoor was founded in 2008 by John Crowley and has grown into a specialist investment and fund management business with offices in Exeter, London, Taunton, Dorchester and Bury St Edmunds.