Broadstone Secures Strategic Investment from Lovell Minnick Partners
Deal News | Jan 10, 2025 | Goodwin
In a strategic move to fuel its growth trajectory, Broadstone, a prominent UK financial services consultancy, has secured an investment from Lovell Minnick Partners (LMP), a respected private equity firm. The deal, aimed at reinforcing Broadstone’s market position in delivering pensions administration, actuarial, and employee benefits consulting services, awaits regulatory nod and is expected to close by 2025. Broadstone, renowned for its four-decade legacy in the UK's financial services sector, comprises 650 experts and 85 actuaries, providing specialized consultancy across various financial domains. LMP, with its 25-year heritage, is noted for its collaboration with management teams to stimulate organic growth and strategic acquisitions. Goodwin is advising Broadstone in this transaction, leveraging a comprehensive team skilled in private equity, taxation, finance, and regulatory matters.
Sectors
- Financial Services
- Private Equity
- Professional Services
Geography
- United Kingdom – Broadstone is based in the UK, providing consultancy services across the region.
- United States – Lovell Minnick Partners is a US-based private equity firm participating in this transaction.
Industry
- Financial Services – Broadstone operates in the financial services sector, offering consultancy in pensions, actuarial, and employee benefits.
- Private Equity – Lovell Minnick Partners is a private equity firm investing in growth-oriented companies, relevant for their investment in Broadstone.
- Professional Services – The advisory roles performed by Goodwin and the consulting services of Broadstone fall under professional services.
Financials
- – The financial details of the investment such as deal price or valuation are not specified.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Broadstone | Target Company | Company | A leading UK financial services consultancy specializing in pensions, actuarial consulting, and employee benefits. |
| Lovell Minnick Partners (LMP) | Private Equity Investor | Company | A private equity firm investing in high-growth companies. |
| Goodwin | Legal Advisor | Company | A law firm advising Broadstone on the investment transaction. |