M&A Deal Summary

Palatine Private Equity Acquires Wren Sterling

On April 14, 2015, private equity firm Palatine Private Equity acquired financial services company Wren Sterling for 14M GBP

Acquisition Highlights
  • This is Palatine Private Equity’s 3rd transaction in the Financial Services sector.
  • This is Palatine Private Equity’s 6th largest (disclosed) transaction.
  • This is Palatine Private Equity’s 17th transaction in the United Kingdom.
Investment Fate
  • Wren Sterling was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2015-04-14
Target Wren Sterling
Sector Financial Services
Buyer(s) Palatine Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 14M GBP

Target

Wren Sterling

London, United Kingdom
Wren Sterling is an independent financial advisory business serving both private and corporate clients across the UK. It specializes in all aspects of savings, investments, and retirement planning. For corporate clients, they provide advice on pensions, including auto-enrolment, as well as workplace benefits and protection. Wren Sterling was established in 2007 and is based in London, England.

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Buyer(S) 1

Buyer

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.

DEAL STATS #
Overall 17 of 52
Sector (Financial Services) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 13 of 21
Country (United Kingdom) 17 of 52
Year (2015) 2 of 5
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-05 John Charcol

London, United Kingdom

John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

Buy £9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 WHP Telecoms

Warrington, United Kingdom

WHP Telecoms is a UK mobile telecoms professional services provider. WHP Telecoms’ consultancy-led offering provides end-to-end solutions, including planning, design, acquisition, deployment, upgrade and maintenance of mobile network masts, antennae and base stations for the wireless telecommunications sector. WHP Telecoms was established in 1988 and is based in Warrington, United Kingdom.

Buy £38M
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