Wren Sterling is a leading UK financial advisory firm providing personal financial, investment and pensions advice to its clients. It was created following a management buyout of Towergate Financial led by Ian Darby and supported by Palatine Private Equity in March 2015 and the intervening six years has seen Wren Sterling double its assets to £4.6bn under management and substantially increase its profitability.
Lightyear Capital will partner with the company’s management team, led by Executive Chairman Ian Darby, to continue to grow Wren Sterling organically while supporting further expansion through targeted acquisitions. The transaction provides an exit for Palatine Private Equity and is subject to regulatory approval and customary closing conditions.
Liberty advised Ian Darby and his team throughout the sale process.