LEBC Holdings has agreed to sell Aspira Corporate Solutions to Titan Wealth
Aspira Corporate Solutions
Aspira Corporate Solutions is a financial planning firm specializing in workplace pensions, employee benefits and wealth management for executives and private clients in the UK. Aspira was established in 2003 and was acquired in 2017 by LEBC Holdings. At the time of the transaction, Aspira had grown to provide financial advice via its team of 50 financial and corporate advisors to more than 1,600 corporate entities and over 15,000 individuals with circa £4 billion of assets under advice.
LEBC Holdings, a portfolio company of B.P. Marsh & Partners, has agreed to sell 100% of the shares in Aspira to Titan Wealth, a portfolio company of Parthenon Capital Partners. This was a highly complex transaction, with LEBC Holdings having gone through a restructuring process ran in close consultation with the FCA, which resulted in the consolidation of LEBC Group (another operating company of LEBC Holdings) with Aspira, bringing the two businesses together under one brand ahead of the transaction.
Max Cornu-Thenard, Lincoln International Managing Director who led the transaction, commented, “In a very active sector, this transaction stands out for its successful outcome despite the initial legacy challenges faced by LEBC Holdings. We are pleased to have advised our client through this transaction and achieved a solution that addresses the objectives of all stakeholders.”
B.P. Marsh & Partners
B.P. Marsh is a specialist investor in early-stage financial services intermediary businesses, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. B.P. Marsh has invested in over 50 businesses since it was founded in 1990 and its management team has a wealth of experience and a well-developed network within the financial services sector.
Titan Wealth is a discretionary fund management / wealth and asset management business providing high-quality execution and administration to the asset and wealth management sectors in the UK.
Parthenon Capital Partners
Parthenon is a U.S. private equity firm that invests in three core sectors: financial services, healthcare services and business services. Since their founding in 1998, Parthenon has completed over 50 platform acquisitions and 200 add-on acquisitions representing more than $5 billion in value in these sectors.
The Lincoln team was outstanding in assisting us in navigating this highly complex transaction. We are very thankful for their exceptional advice throughout the process and we are delighted with the outcome.
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