Hawksmoor joins Hurst Point Group
Hawksmoor Group Limited (“HGL”) is pleased to announce that its shareholders have agreed to accept an offer to acquire the business from Hurst Point Group, a portfolio company of The Carlyle Group, a global investment firm. It is expected that a number of share- and option- holders, the majority of whom are staff, will roll over their holdings in HGL into shares in Hurst Point Group. Completion of the transaction is subject to FCA regulatory approval and other customary conditions.
Hawksmoor was founded in 2008 by John Crowley and has grown into an award-winning specialist investment and fund management business with offices in Exeter, London, Taunton, Dorchester and Bury St Edmunds.
Hurst Point Group was established in 2019 to facilitate investment by Carlyle into the UK wealth management sector and made its first investment in March 2020 with the acquisition of Harwood Wealth Management plc via a public scheme of arrangement. HGL will become a separate subsidiary of Hurst Point Group, who intend to support its core strategy of growth in the areas of investment management and specialist funds where it has historically had great success.
Sarah Soar, Hawksmoor CEO, said: “This is an exciting opportunity for Hawksmoor as we continue to grow and develop the business. Partnering with Hurst Point Group and an investor such as Carlyle gives us valuable support to achieve our strategic objectives and helps to ensure that we can continue to deliver an exceptionally high-quality service to all of our clients.”
Ian Gladman, Executive Chairman of Hurst Point Group said: “We are delighted that the Hawksmoor shareholders have accepted our offer and also, in many cases, re-invested in the expanded Hurst Point Group. We have long held the Hawksmoor business in high regard and believe we can support the business to fulfill its true potential in the years to come. We look forward to working with Sarah, her management team and a very talented group of employees to realise our shared future vision for the business.”
About Hawksmoor Investment Management:
Hawksmoor Investment Management specialises in providing high quality discretionary management services for private clients (and clients of Professional Advisers) including trusts, pension schemes and charities. We also have a range of risk-based ‘Model Portfolios’ for Financial Advisers. Our award-winning Fund Managers team manages three multi asset funds-of-funds.
With offices in Exeter, London, Taunton, Dorchester and Bury St Edmunds, Hawksmoor is a growing specialist investment and fund management business. Find out more at www.hawksmoorim.co.uk or follow us @hawksmoorim on Twitter.
About Hurst Point:
Hurst Point Group was established in 2019 to facilitate investment by The Carlyle Group into the UK wealth management sector. Hurst Point made its first investment in March 2020 with the acquisition of Harwood Wealth Management plc via a public scheme of arrangement. Further information is available at www.hurstpointgroup.com.
About The Carlyle Group:
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 30 offices across six continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
For more information, please contact:
Diane Hayman (Head of Marketing)
Tel: +44 (0) 1392 573571
For Hurst Point / Carlyle:
Tel: +44 (0) 7384 513568