Oakley takes majority stake in BDO unit

Unlisted UK and European mid-market private equity fund Oakley Capital Private Equity has become a strategic partner in UK wealth manager BDO Investment Management Limited Company (BDOIM), acquiring an 84.4% majority stake.

BDO LLP, part of the BDO international network — the world’s fifth largest accountancy organisation — will sell the stake to Oakley Capital and retain a 15.6% share in BDOIM, demonstrating continued commitment to and confidence in the business.

The partnership will provide BDOIM, under new CEO David Pitman, with the necessary capital to build scale by growing discretionary funds under management and adding high quality corporate clients, whilst investing further to create a robust and scalable infrastructure.

BDO Investment Management provides individuals, families and corporations with a full range of independent wealth management and benefit advisory services. The Company has offices throughout the UK and employs just over 250 people in three divisions: Asset Management, Corporate Pensions and Benefits and Private Clients.

The Asset Management division operates under the brand of Fitzwilliam Asset Management. The Private Client division provides a range of personal financial planning and investment solutions principally aimed at private clients and their families.

preloader
Close Window
View the Magazine





You need to fill all required fields!