Shackleton Acquires Chetwood Group, Expanding Wealth Management Portfolio
Deal News | Jul 03, 2025 | B Daily
Shackleton, a prominent financial advisory and wealth management firm, has expanded its presence in the UK market with the acquisition of the Chetwood Group. This strategic move adds over £900 million in assets under management to Shackleton's portfolio and incorporates 45 employees from Chetwood, increasing the total workforce to approximately 450. Shackleton, headquartered in London, is bolstering its presence in the South West, having previously enhanced operations through the acquisition of Harrold Financial Planning. Chetwood Group, comprising entities like Chetwood Wealth Management and Chetwood Private Wealth, will bring additional expertise and increase Shackleton's service standards. The transaction was supported by advisory firms BDO, TCC, and Pinsent Masons.
Sectors
- Financial Advisory and Wealth Management
- Mergers and Acquisitions
Geography
- United Kingdom – Shackleton is headquartered in London, and Chetwood Group operates in various locations across the UK, making this geography central to their operations.
- South West England – Chetwood Group is based in the South West region, including locations such as Wellington and Newton Abbot.
Industry
- Financial Advisory and Wealth Management – This industry involves providing financial advice to individuals and managing their wealth, relevant due to Shackleton's and Chetwood Group's activities in these sectors.
- Mergers and Acquisitions – This sector involves the buying, selling, and combining of different companies, relevant to Shackleton's acquisition of the Chetwood Group.
Financials
- £900 million – Value of the assets under management injected into Shackleton from the acquisition of Chetwood Group.
- 45 – Number of employees added to Shackleton's team from Chetwood Group.
- 300 million – Assets under management added to Shackleton from the earlier acquisition of Harrold Financial Planning.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shackleton | Acquirer | Company | A Chartered financial advisory and wealth management firm headquartered in London with offices across England and Scotland. |
| Chetwood Group | Target | Company | A group comprising Chetwood Wealth Management, Chetwood Private Wealth, and other financial management entities based in the South West of England. |
| BDO | Buyside Support | Company | An advisory firm involved in providing transactional support for the acquisition. |
| TCC | Buyside Support | Company | An advisory firm involved in providing transactional support for the acquisition. |
| Pinsent Masons | Legal Advisor | Company | A law firm providing legal advisory services for the acquisition. |