Titan Wealth Acquires Loveday & Partners, Bringing It’s AUM To £17.3bn
15th April 2024
Financial powerhouse Titan Wealth has further solidified its position in the wealth management sector by acquiring Norwich-based Loveday & Partners. While the purchase price remains confidential, the deal significantly bolsters Titan's client base and assets under management (AUM).
Loveday & Partners brings £600 million in AUM and 1,000 clients to the table, propelling Titan's total AUM to a staggering £17.3 billion. This strategic move strengthens Titan's presence in East England and broadens its service o`erings. Importantly, founder Mark Loveday and his entire 48-person team will stay on board, ensuring continuity and client relationships.
This acquisition aligns perfectly with Titan's ambitious growth trajectory. Following its takeover by US private equity giant Parthenon Capital last year, Titan set a target of reaching £40 billion in AUM by 2029. The Loveday & Partners deal comes on the heels of a significant capital injection for Titan, further fuelling its expansion plans.
Titan's commitment to growth is evident in its recent acquisition spree. Earlier this year, it acquired investment research firm Square Mile, adding valuable expertise. The company has also been actively consolidating the discretionary fund management sector through acquisitions like Cardale Asset Management (£1.5 billion), Baggette Asset Management, Haibun Wealth, and Telford Mann (£700 million). With its deep financial backing from private equity firms like Ares Management, Maven Capital Partners, and Hambleden Capital, Titan is poised for continued dominance in the wealth management landscape.
Chapters Capital is proud to have brokered this transaction. If you are interested in exploring options for your business, or specifically Titan as an acquirer, please contact Simon Bourke to book a confidential call.