Shackleton Expands Nationwide, Acquires Harrold Financial Planning
Deal News | Feb 11, 2025 | EIN
UK financial advisor Shackleton has acquired Norfolk-based Harrold Financial Planning (HFP) as part of its nationwide expansion strategy. Shackleton, launched in December 2024 and headquartered in London, operates as a fully independent wealth manager. The acquisition adds approximately £300 million ($371 million) in assets under management to Shackleton's portfolio. This move is part of a broader strategy funded by a £55 million investment by Sovereign Capital Partners, a UK private equity firm, whose investment facilitated Shackleton's growth through both organic and acquisitive strategies, leading to 16 new offices. The purchase of HFP strengthens Shackleton's presence in the east of England.
Sectors
- Financial Services
- Private Equity
Geography
- United Kingdom – The primary location of both Shackleton's headquarters and its operations, and the location of Harrold Financial Planning's business activities.
Industry
- Financial Services – Involves companies that manage money, including banks, investment firms, and insurance companies. Shackleton and Harrold Financial Planning operate in this sector.
- Private Equity – Involves investment funds that directly invest in companies. Sovereign Capital Partners is a key player in this sector, backing Shackleton's expansion efforts.
Financials
- £55 million ($68 million) – Investment by Sovereign Capital Partners in Shackleton's co-founder Skerritts for growth strategy.
- £300 million ($371 million) – Assets under management added through the acquisition of Harrold Financial Planning.
- 16 – Number of acquisitions completed by Shackleton since the Sovereign investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shackleton | Acquiring Company | Company | A UK-based chartered financial advisor and independent wealth manager. |
| Harrold Financial Planning (HFP) | Target Company | Company | A Norfolk-based advice firm acquired by Shackleton. |
| Sovereign Capital Partners | Investor | Company | A UK private equity firm specializing in buy and build strategies, investor in Shackleton. |
| Paul Feeney | CEO | Person | Chief Executive Officer of Shackleton. |