Hawksmoor joins Hurst Point Group
Hawksmoor Group Limited's (HGL) 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, says: “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, says: “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 fulfil 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.”