Beech Tree Private Equity wants to invest in “high growth platform” businesses in the UK financial services sector.
The firm said it will “soon announce an investment in the wealth management sector” and is “proactively targeting” acquisitions in the south west, north west and Midlands regions.
Simon Hemley, director at Beech Tree, said: “We look to invest in high growth platform businesses operating within the financial services industry and we have been targeting an investment in the wealth management sector for some time now.
“We are attracted to both the positive market drivers, and also the highly fragmented nature of the market. We are targeting an ambitious buy and build strategy. We will target businesses with assets under management of £50m ($67.1m, €54.8m) plus, generating Ebitda upwards of £250,000.
“We would be a good home for someone looking to realise value, transition customers in a way that has customer service at the forefront of the acquisition model, and enable retirement.”
This is latest in a line of private equity firms that see potential in the UK wealth management and financial advice industry.
