Craven Street Wealth Sold to Quanta Group
Deal News | Mar 28, 2025 | Ashfords
UK law firm Ashfords has successfully advised the shareholders of Craven Street Wealth in its sale to Quanta Group, a company within the AnaCap Financial Partners' portfolio. This transaction marks a significant milestone in Craven Street Wealth's growth journey, on which Ashfords has been a key legal contributor. Throughout its trajectory, Craven Street Wealth, which now manages around £2 billion in assets for over 3,500 clients, has executed multiple strategic acquisitions, including key acquisitions such as Kreston Reeves Financial Planning, Bernard Barrett Associates, and Punter Southall Aspire. The managing director of Craven Street Wealth, Tom Barnett, will now join the executive committee of the Quanta Group post-acquisition. The sale, led by Ashfords' corporate partner Jocelyn Ormond and a team of seasoned professionals, highlights the comprehensive legal expertise provided by Ashfords in handling regulatory, tax, banking, finance, commercial, employment, and real estate matters throughout the transaction.
Sectors
- Wealth Management
- Legal
- Private Equity
Geography
- United Kingdom – Ashfords, a UK-based law firm, and Craven Street Wealth, involved in the transaction, are based in the UK.
Industry
- Wealth Management – The article discusses Craven Street Wealth, a wealth management company, detailing its sale and asset management capabilities.
- Legal – Ashfords is highlighted as the legal advisor, emphasizing the role legal firms play in M&A transactions.
- Private Equity – AnaCap Financial Partners, a private equity firm, is involved as the owner of the purchasing company, highlighting the significance of private equity in M&A activities.
Financials
- £2 billion – Assets under management by Craven Street Wealth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Craven Street Wealth | Target Company | Company | A wealth management group managing approximately £2 billion in assets, sold to Quanta Group. |
| Quanta Group | Bidding Company | Company | A rebranded group and portfolio company of AnaCap Financial Partners, comprising Wealthtime Group. |
| AnaCap Financial Partners | Private Equity Firm | Company | A private equity firm with Quanta Group as part of its portfolio. |
| Ashfords | Legal Advisor | Company | A UK-based law firm advising on the sale of Craven Street Wealth. |
| Tom Barnett | Managing Director | Person | Managing director of Craven Street Wealth, joining Quanta Group's executive committee post-sale. |
| Jocelyn Ormond | Corporate Partner | Person | Corporate partner at Ashfords leading the sale transaction. |