Financial adviser to the shareholders of Thesis Asset Management on the sale of its private client and financial planning business to Sanlam.
Financial adviser to the shareholders of Thesis Asset Management on the sale of its private client and financial planning business to Sanlam.
TRANSACTION SUMMARY
On 29 April 2019, Sanlam UK, part of the international financial services group Sanlam Limited, announced the acquisition of the private client and financial planning businesses of Thesis Asset Management (“Thesis”).
Thesis has a significant presence in the South of England, with £1.2bn under management and a team of 30 investment professionals and support colleagues.
As part of the deal, Sanlam will acquire Thesis’ private client business, distribution network, direct support teams and Pallant, its financial planning business. Thesis’ offices in Guilford, Lymington, Chichester and Brighton will become part of Sanlam’s regional wealth management network.The deal will take Sanlam’s UK private client discretionary assets under management to £4.2 billion.
Following regulatory approval, Thesis will operate under the Sanlam UK brand.
SANLAM
Sanlam Limited is an international financial services group with a heritage dating back to 1918. Globally, the business employs over 17,000 people and manages $70 billion of client assets. In the UK it has a network of 13 regional offices and employs 450 professionals.
ROLE
SHP acted as financial adviser to the shareholders of Thesis.