Craven Street Wealth Joins Quanta Group in Strategic Acquisition

Deal News | Mar 28, 2025 | B Daily

Craven Street Wealth Joins Quanta Group in Strategic Acquisition

In a strategic move to expand its wealth management proposition, Quanta Group has acquired financial services firm Craven Street Wealth. This acquisition is expected to boost Craven Street Wealth's pursuit of future acquisitions, as it joins Quanta's portfolio alongside Wealthtime, Wealthtime Classic, and discretionary fund manager Copia Capital. Craven Street Wealth, which manages around £2 billion for over 3,500 clients, will maintain its independence and management under the new ownership. Quanta Group's CEO, Patrick Mill, emphasized the company's commitment to creating value through this acquisition, which includes independent financial advice. Craven Street Wealth's Managing Director, Tom Barnett, sees alignment in focus on high-quality advice and solutions as critical for the future growth of the firm amid regulatory and technological changes.

Sectors

  • Financial Services
  • Wealth Management

Geography

  • United Kingdom – The companies involved are based in the UK, with Craven Street Wealth having offices in London and several other locations.

Industry

  • Financial Services – The main focus of the article is the acquisition within the financial services industry, specifically in wealth management and financial advice.
  • Wealth Management – The acquisition aims to expand Quanta Group's wealth management capabilities by including Craven Street Wealth into its portfolio.

Financials

  • £2 billion – The amount of assets under management by Craven Street Wealth for over 3,500 clients.

Participants

NameRoleTypeDescription
Quanta GroupAcquirerCompanyA growing financial services group looking to expand its wealth management proposition.
Craven Street WealthTargetCompanyA Chartered independent financial planner managing around £2 billion in assets, acquired by Quanta Group.
Patrick MillCEO of Quanta GroupPersonLeading Quanta Group's expansion strategy and emphasizing value creation for advisers and clients.
Tom BarnettManaging Director of Craven Street WealthPersonFocused on aligning with an investor prioritizing high-quality advice and solutions amidst regulatory changes.