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Charterhouse Capital Partners announces investment in Lane Clark & Peacock

December 09, 2020

Charterhouse Capital Partners LLP (“Charterhouse”), one of the longest established private equity firms operating in Europe, today announces that it has entered into an agreement to invest in Lane Clark & Peacock LLP (“LCP” or “the company”), a professional advisory firm specialising in pensions, investment consulting and insurance. Charterhouse is partnering with the Partner group of LCP to acquire the Inflexion minority stake. As part of the transaction, LCP’s Partners will also increase their stake in the company.

LCP, which was founded in 1947 and is headquartered in London and Winchester, is the leading independent provider of pension and investment consulting services in the UK. The company also provides services in fast-growing areas including technology analytics; insurance regulation and risk advisory; health analytics; and energy market modeling and consultancy. Today, LCP has ca. 800 people, ca. £245bn in Assets Under Advice, and 650 clients, including nearly half of the FTSE 100, as well as a number of insurance companies and charities.

Charterhouse will help LCP’s continued development by supporting its management team and Partners in continuing the strong organic growth and market share gain of their core business, whilst accelerating the growth opportunities in the diversified analytics and technology platforms within the business.

Aaron Punwani, Chief Executive Officer of LCP, said:

“Our new partnership with Charterhouse comes at an ideal time to help continue our growth as a business. Charterhouse’s established reputation for investing in people businesses and backing ambitious management teams, together with the Partners increasing our own financial commitment to the firm, is excellent news for our clients and people.  These transactions consolidate LCP’s position as the leading independent, owner-managed pensions, investment and insurance consultancy in the UK and Ireland, whilst also supporting our diversification strategy in areas such as health, energy, financial wellbeing and data analytics.”

Robert Leeming, Partner at Charterhouse, said:

“LCP is an excellent fit with Charterhouse’s approach of working with ambitious management teams to help them deliver transformational change and continued success, and we are delighted to partner with them at this exciting stage in their journey. LCP has a combination of great people, an enviable client list, an excellent strategy, inspiring leadership, and a fast-growing business that has proven to be extremely resilient in the face of the challenges posed by Covid. We look forward to working with LCP to help them deliver on the company’s huge potential for further growth.”