Lightyear Capital’s Acquisition of Wren Sterling

Davis Polk advised Lightyear Capital on the deal.

Lightyear Capital executed 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 included partner Will Pearce (Picture), counsel William Tong and associate Vivek Thanki. Partners Jonathan Cooklin and Ethan R. Goldman and associate Freddie Schwier provided tax advice. Partner Frank J. Azzopardi provided intellectual property advice. Partner Michael S. Hong and associates Mark Chalmers and Jennifer Duffy provided investment management and financial regulatory advice.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Mark Chalmers – Davis Polk & Wardwell; Jonathan Cooklin – Davis Polk & Wardwell; Jennifer Duffy – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Michael Hong – Davis Polk & Wardwell; Will Pearce – Davis Polk & Wardwell; Freddie Schwier – Davis Polk & Wardwell; Vivek Thanki – Davis Polk & Wardwell; William Tong – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Lightyear Capital LLC;

Author: Federica Tiefenthaler