Shackleton Gains Lee Equity’s Backing with Majority Stake Acquisition
Deal News | Jun 23, 2025 | Proskauer Rose (UK) LLP
Proskauer, a prominent law firm advising on complex legal transactions for high-profile clients, announced a significant deal involving its client, Lee Equity Partners. Lee Equity Partners, a US-based private equity firm specializing in growth capital investments, has successfully acquired a majority stake in Shackleton, a UK-based independent financial advisory and wealth management business. This acquisition, facilitated by Sovereign Capital Partners as the seller, is set to bolster Shackleton's strategic growth, leveraging strong organic expansion and consolidation in the financial advisory industry. The deal was executed by Proskauer's elite private equity team led by Andrew Wingfield and Adam Creed, alongside a group of seasoned professionals, including Karim El-Borhami, Benjamin Peacock, Georgie Quilter-Wood, Barry Newman, and Antonia George. The acquisition underscores the strategic importance of proactive investments in regulated, people-driven sectors like financial services and highlights Proskauer's prowess in steering clients through intricate, high-stakes transactions.
Sectors
- Financial Services
- Private Equity
Geography
- United Kingdom – Shackleton, the target company in the acquisition, operates in the UK.
- United States – Lee Equity Partners, the acquiring company, is based in the US and the deal reflects cross-border investment activity.
Industry
- Financial Services – The article involves Shackleton, a financial advisory and wealth management company, and the transaction affects the financial services industry.
- Private Equity – Lee Equity Partners, a private equity firm, is a central player in the acquisition, highlighting the role of private equity investments.
Financials
- Not Disclosed – The financial terms of the acquisition by Lee Equity Partners have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proskauer | Legal Advisor | Company | Leading international law firm providing advisory services in the acquisition deal. |
| Lee Equity Partners | Buyer/Private Equity Company | Company | US-based private equity firm acquiring a majority stake in Shackleton. |
| Shackleton | Target Company | Company | UK-based independent financial advisory and wealth management business. |
| Sovereign Capital Partners | Vendor | Company | Previous owner selling the majority stake in Shackleton. |