Financial Services (FS)

Brokers & Asset Management

Deals Activity: Low

Restructuring Activity: Moderate

Brokers & Asset Management

Q1 of 2023 saw 43 deals in the Brokers & Asset Management sector. This is a sharp decline from the number of deals in the previous quarter and is the lowest number of deals in a quarter since Q4 2020. Notable deals executed during Q1 2023 include:

  • IO Asset Management acquired by Caisson Investment Management for £100m.
  • Knight Frank’s Residential Asset Management business purchased by Encore Estate Management on 31 March 2023 for an undisclosed fee.

The deal activity in this sector has been influenced by:

  • Scale – within the sector there is a drive for consolidation in order to strengthen market position, as well as divestment of non-core divisions
  • Technology – investment in new tech-enabled platforms and services continues to attract the attention of dealmakers.

Restructuring activity in the sector remains moderate for Q2 2023. Regulation, a volatile economic environment and increased investment in innovative tech-enabled services places new strategic demands on market operators. In addition, the sustainability agenda is an increasingly important strategic consideration, as market participants seek to drive value creation through a rapid pivot towards ESG funds.

Deals activity in Brokers & Asset Management

Restructuring activity in Brokers & Asset Management

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Ed Boyle and Nick Smith are Co-Heads of Financial Services Cluster, supported by an experienced senior team. This team tracks four key sub-sectors including the Brokers & Asset Management segment. As part of the FS expert team Rob Spence leads our approach to Brokers & Asset Management nationally.

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