Singapore-based PhillipCapital steps in with £5.9m offer to acquire UK wealth firm Walker Crips
- Simon Bourke
- Nov 24, 2025
- 2 min read
Updated: 7 days ago
24th November 2025
Summary
PhillipCapital will acquire UK wealth manager Walker Crips for just under £6m (14p per share), aiming to complete in Q1 2026 subject to shareholder and FCA approvals. The offer follows Walker Crips' balance sheet strain, including a £5m emergency loan from PhillipCapital and rising remediation and regulatory costs; independent directors back the deal for its cash certainty and removal of refinancing risk. PhillipCapital, already a long-standing 29%+ shareholder, plans to make Walker Crips a wholly owned subsidiary, delist it, and streamline operations with an estimated 10% headcount reduction.
The deal
Singapore-based wealth manager PhillipCapital has agreed terms to acquire Walker Crips Group in a deal that values the business at just under £6m. Shareholders are being offered 14p per share in cash, a substantial uplift on the firm's closing share price on November 21st 2025. Completion is being targeted for the first quarter of 2026, subject to shareholder and FCA approval.
Who Walker Crips is
Walker Crips is a UK wealth management and stockbroking group with roots going back over 100 years. It provides investment management, stockbroking and financial planning to private clients, charities and corporates, mainly from its London base and regional offices.
Who PhillipCapital is
PhillipCapital is a Singapore-headquartered global financial services group , active in securities broking, fund management, futures, FX and wealth management , serving both retail and institutional clients across Asia and other markets.
The group already has a UK presence through its London operations and has been gradually building out its international wealth management footprint.
Why this deal is happening now
The offer follows a period of sustained pressure on Walker Crips. In July 2025 the group secured a £5m working capital loan from PhillipCapital to shore up its balance sheet. With ongoing spend on legacy remediation and a more demanding regulatory environment, Walker Crips had already warned it was unlikely to have sufficient cash to repay that facility by early 2026 - raising the prospect of a heavily discounted rights issue and dilution for existing investors if no strategic solution was found.
PhillipCapital has been a long-standing shareholder in Walker Crips for over three decades and already owns just over 29% of the group. The independent directors have unanimously backed the deal, citing the cash certainty for shareholders, removal of the looming refinancing risk, and the benefit of sitting within a larger, better-capitalised parent.
What will happen next
If shareholders approve the acquisition:
Walker Crips will become a wholly owned subsidiary of PhillipCapital and delist from the London Stock Exchange.
Operations are expected to be streamlined with aheadcount reduction of approximately 10%
At Chapters Capital, we specialise in financial planning and wealth management M&A and understand the importance of strategic acquisitions for growth. Whether you are considering a sale, merger, or expansion or want to learn more about buyers in the space, please contact one of our professional associates today for a confidential, no-obligation consultation.
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