Evelyn Partners Shifts Focus with £50bn Divestment
Deal News | Jul 01, 2025 | Business Cloud
Evelyn Partners Group has completed the divestment of its fund solutions business, operated by Evelyn Partners Fund Solutions Limited (EPFL), to Thesis Holdings. This strategic move pivots Evelyn Partners towards focusing solely on its wealth management activities. The sale follows the completion of another divestment of its professional services business earlier in the year. As a result of this transaction, Thesis Holdings, an independent fund governance and administration firm, will manage 330 funds with over £50bn in assets. Additionally, 75 staff members from EPFL, primarily based in Glasgow, will transition to Thesis. Evelyn Partners’ Chief Executive, Paul Geddes, expressed gratitude to the EPFL team for their dedication and professionalism, and looked forward to maintaining a collaborative relationship with them as they continue to provide fund administration and governance services. Neil Coxhead, CEO of EPFL, highlighted the long-term clarity and growth opportunities this acquisition offers while continuing collaboration with Evelyn Partners. David Tyerman, CEO of Thesis, welcomed the EPFL team and noted the cultural alignment and enhanced options this addition brings to their operations.
Sectors
- Wealth Management
- Asset Management
- Fund Solutions
Geography
- United Kingdom – Both Evelyn Partners and Thesis Holdings are based in the UK, and the transaction impacts the UK financial services landscape.
- Glasgow – The staff members of EPFL, primarily based in Glasgow, are transitioning to Thesis Holdings as part of the transaction.
Industry
- Wealth Management – Evelyn Partners' decision to divest its fund solutions business signifies a strategic shift towards concentrating on wealth management activities.
- Asset Management – Thesis Holdings, through its acquisition, expands its asset management operations to include managing 330 funds with over £50bn in assets.
- Fund Solutions – The divested business, Evelyn Partners Fund Solutions Limited (EPFL), operated within the fund solutions industry, providing governance and administrative services.
Financials
- 50bn – The value of assets managed by Thesis Holdings post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Evelyn Partners Group | Selling Company | Company | A firm focusing on wealth management, selling its fund solutions business to focus on its core activities. |
| Thesis Holdings | Bidding Company | Company | The acquiring firm expanding its governance and administration business by managing an enlarged asset base. |
| Evelyn Partners Fund Solutions Limited (EPFL) | Target Company | Company | Previously part of Evelyn Partners Group, providing fund governance and administration services. |
| Paul Geddes | Chief Executive | Person | CEO of Evelyn Partners, overseeing the strategic refocus toward wealth management. |
| Neil Coxhead | Chief Executive of EPFL | Person | CEO of EPFL, transitioning to Thesis Holdings following the acquisition. |
| David Tyerman | Chief Executive | Person | CEO of Thesis Holdings, under whose leadership the thesis expands its asset management capabilities. |