The latest mergers, acquisitions and other corporate actions in the wealth management sector.

August Equity, The Superbia Group, FRP Corporate Finance
UK-based August Equity has acquired The Superbia Group, a financial advisory business operating in Leicester, adding to its portfolio of firms.

The transaction was supported by FRP Corporate Finance. The financial terms were not disclosed in yesterday's statement from FRP. 

Superbia, which was founded in 2019 and is led by CEO Stefan Fura, serves more than 2,500 clients across the UK. The business brings together financial advice, discretionary fund management (DFM), and in-house investment solutions. The firm is also a certified B Corp.

FRP said the new investment will support August Equity’s “ambitious growth strategy, accelerating both organic expansion and targeted acquisitions to broaden its national footprint and enhance its client proposition.”

This is the third investment from August Equity VI, a 2024 vintage fund, as part of its strategy to back management teams in services, software and technology businesses with high organic growth and inorganic potential.

FRP Corporate Finance was appointed by August Equity to support its latest investment. The team, led by director Ed Shurville-Darlington and partner Mark Farlow, acted as the lead buy-side corporate finance advisor and helped August Equity to build its investment case and execute the deal. 

The transaction comes amid continued M&A consolidation in the UK’s wealth sector, as discussed in this feature here.

“Financial services and wealth management firms like The Superbia Group are continuing to attract a high level of interest from private equity investors,” Ed Shurville-Darlington, director at FRP Corporate Finance, said. “Their recurring revenues, favourable market growth dynamics and strong buy-and-build potential make them an exciting prospect for firms looking to deploy their capital.” 

August Equity was also advised by DLA Piper (legal), 8Advisory (financial and tax diligence), TCC (compliance diligence), Strategy (commercial diligence), Crosslake (tech diligence), Lockton (insurance diligence), Ares (third-party debt provider). The Superbia Group was advised by Hill Dickinson (legal).