Lightyear Capital acquisition of Wren Sterling
Davis Polk is advising Lightyear Capital on its acquisition of U.K. wealth management firm Wren Sterling from Palatine Private Equity and others. The transaction is subject to FCA approval. Financial terms of the transaction were not disclosed.
Founded in 2000, Lightyear Capital is a financial services-focused private equity firm based in New York. Wren Sterling is a national firm of independent financial planners with seven U.K. offices and over £4.6 billion in assets under advice. Wren Sterling advises thousands of individuals and businesses across the United Kingdom on every aspect of financial planning including pensions, investments, protection, estate planning and employee benefits.
The Davis Polk corporate team includes partner Will Pearce, counsel William Tong and associate Vivek Thanki. Partners Jonathan Cooklin and Ethan R. Goldman and associate Freddie Schwier are providing tax advice. Partner Frank J. Azzopardi is providing intellectual property advice. Partner Michael S. Hong and associates Mark Chalmers and Jennifer Duffy are providing investment management and financial regulatory advice. Members of the Davis Polk team are based in the London and New York offices