M and A
Deals Of The Day: The Latest In Wealth Management M&A – Oak Group, Opera
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Oak Group, Opera
Oak Group, a
fiduciary, corporate, and fund administration business, has
officially transitioned to private ownership under Opera, a new
holding company backed by Pula, the family office of Hargreaves
Lansdown founder, Stephen Lansdown.
Other Opera backers include Sealyham, the family office of Tom
Scott, Oak Group said in a statement yesterday.
The decision forms part of “Project Overture,” Opera’s
five-year strategic plan.
“Stephen Lansdown’s investment is not just financial – it’s a
testament to his belief in Opera’s potential to redefine our
industry,” Kim Sgarlata, group CEO, said.
The “overture” plan focuses on platform optimisation, organic
growth, and inorganic growth.
“By 2029, Opera will have a significantly larger portfolio of
businesses,” according to the statement, and cover more
territory.
Photo: Kim Sgarlata, Group CEO (right), of Oak Group, and Stephen Lansdown (left).
