Wealth Management

Wealth manager Shackleton eyed takeover that could have tripled assets

Wealth manager could buy a number of firms larger than itself as it looks for a new owner, documents reveal

Monday 19 May 2025 at 05:30

Private equity firms continue discussions as sale process for ‘Britain’s wealth manager’ marches on
Private equity firms continue discussions as sale process for ‘Britain’s wealth manager’ marches on Photo: Getty Images

Shackleton held talks with a fellow wealth manager about a takeover that could have tripled its assets under management, Financial News has learned.

“Active discussions” took place with a private equity-backed wealth manager roughly twice the size of Shackleton at the time, according to an information memorandum prepared by bankers at Lazard who are currently trying to offload the business.