Investment - Articles - LCP Partners increase ownership of the business

LCP’s Partners have announced that they are set to increase their ownership of the firm with the support of Charterhouse Capital who are buying out the minority stake held by Inflexion Private Equity. The transaction is due to complete in mid-January 2021.

 Aaron Punwani, CEO at LCP, commented: “Having delivered consistently strong performance over the last two decades, LCP’s Partners are demonstrating our dedication to the business, our clients and our people by increasing our personal financial commitment to the firm. As a result, a larger majority of the firm’s equity will be available to motivate and reward individuals progressing through the ranks of the firm, which is core to LCP’s culture and long-term success.”
 He added: “We have enjoyed a successful partnership with Inflexion over the last four years and are excited to continue our growth alongside Charterhouse. Their investment consolidates LCP’s position as the leading independent, owner-managed pensions, investment and insurance consultancy in the UK and Ireland, whilst also supporting our diversification strategy in areas such as health, energy, financial wellbeing and data analytics.”
 Robert Leeming, Partner at Charterhouse Capital Partners commented: “We are delighted to partner with LCP at this exciting stage in their journey. LCP has proven to be an extremely resilient business in the face of the challenges posed by Covid and retains huge potential for further growth. We invest in and work with ambitious management teams to help them deliver transformational change and continued success. LCP has a combination of great people, an enviable client list, an excellent strategy and inspiring leadership, and we are excited to work with them to maximise their potential.”
 Simon Turner, Managing Partner at Inflexion, commented: “LCP’s growth over the last four years has been phenomenal. Our Partnership Capital investment enabled the LCP Partners to regain control of their business whilst receiving strategic support and encouragement. The firm has taken a visible leap forward in terms of the quality of its brand, client portfolio and appeal as an employer of top talent. We’ve been privileged to have been part of it and wish them every success for the future as they continue to go from strength to strength.”

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