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

Sovereign, Equilibrium
UK private equity firm Sovereign Capital Partners has bought a majority stake in Equilibrium Financial Planning, a wealth manager in the Northeast of England. The financial terms of the deal were not disclosed.

The existing Equilibrium management team will retain a significant minority stake and continue to lead the business day-to-day, the groups said in a statement this week. 

Under the terms of the investment, Equilibrium, which marks its 30th anniversary in 2025, will retain its brand, its Handforth headquarters, and its relationship-led service model. There will be no changes for clients to their advisor relationships, portfolio approach, fees or service standards. No jobs are affected by the deal, the statement continued. 

“The partnership will support a national buy-and-build programme, using Equilibrium as the platform to expand into new regions, while migrating future acquisitions onto Equilibrium’s proven client experience, systems and operating model,” it said. 

Colin Lawson, founder and managing partner of Equilibrium, said: “With Sovereign’s backing we can bring Equilibrium’s relationship-driven approach to more people across the UK, while continuing to innovate in a fast-changing market.”