We have maintained a simple and consistent approach – offering first-class corporate finance and M&A advice to our clients by attracting and retaining outstanding investment banking talent.

Approach Open
Approach Open

Pure Advice

We have a unique model: providing expert strategic and corporate finance advice to our clients in the financial services sector. This is our only business.

Senior Commitment

Our team is led by senior bankers who have decades of experience and are “hands-on” in the their approach with a relentless focus on meeting our clients’ objectives.

Connectivity in Financial Services

Financial services is becoming increasingly inter-connected. Our expertise across all financial services sectors allows us to have a multi-dimensional approach and deliver creative yet realistic solutions for our clients.

Complex Problem Solving

Our professionals are amongst the brightest and most experienced in the industry and thrive on providing expert perspectives to help clients address the most complex strategic issues. We are deeply analytical and fact based, supporting our judgement and advice with rigorous financial analysis.

Proactive, Pragmatic and Discreet

Our well-connected senior bankers and industrial scale capabilities allow us to introduce relevant ideas and opportunities at an early stage. Our inquisitive nature means that we support our clients to challenge the industrial, strategic, financial, operational and regulatory parameters involved in each assignment. Quite often, we support our clients in concluding not to undertake certain transactions. Our ability to do this at an early stage saves precious management time and avoids unnecessary costs. Discretion is at the heart of our business, enabling our clients to maximise tactical and commercial advantage.

Profile

“Our sector expertise and connectivity means that our clients benefit from our strategic insights as well as our deep understanding of a rapidly changing regulatory environment. M&A in financial services needs to be highly sensitive to the complex regulatory and capital impact of transactions, which means that our clients need our expert support in debt and equity capital instruments and markets.”

Chris Deville Senior Managing Director

“Our expertise and capabilities are proven and relevant in the UK and internationally. We have initiated and executed numerous cross border transactions which are a testament to our global sector perspectives and diverse team.”

Vincent Bounie Senior Managing Director

“We offer clients a powerful cocktail of discreet, trusted relationship based advice combined with first class corporate finance execution. This has enabled us to secure repeat business from some of the largest and most sophisticated financial institutions who are heavily solicited by our much larger and better known competitors.”

Graham Marchant Senior Managing Director

John A. Sipp Senior Managing Director and Head of US

Case Study

£3.24 billion

Advised Standard Life Aberdeen on the sale of its insurance business and long-term strategic partnership with Phoenix Group.

Feb 2018 United Kingdom

$465 million

Advising R&Q on the sale of its program management business, Accredited, to Onex.

Oct 2023 London

£1.7 billion

Advised Hastings on the recommended cash offer from a consortium of Sampo and RMI.

Aug 2020 United Kingdom

Undisclosed

Advising Zurich on the sale of its annuity business in Chile to Ohio National Seguros de Vida S.A., a subsidiary of Constellation Insurance.

May 2023 Chile

£3.25 billion

Advised Swiss Re on the sale of ReAssure to Phoenix Group.

Dec 2019 United Kingdom

Undisclosed

Advised AlbaCore Capital on the sale of a majority stake to First Sentier Investors.

Mar 2023 London

Undisclosed

Advised Cinven on its acquisition of International Financial Group Limited.

Feb 2022 London

£1.49 billion

Advised J.C. Flowers on the sale of interactive investor to abrdn.

Dec 2021 United Kingdom

£1.9 billion

Advised Investec on the demerger of its Asset Management business (rebranding to Ninety One).

Nov 2019 United Kingdom & South Africa

Undisclosed

Advised AÉSIO mutuelle on the sale of its minority stake in Mutex to Groupe VYV.

Jul 2021 France

€3.7 billion

Advised Groupe BPCE on its public tender offer to the minority shareholders of Natixis.

Feb 2021 France

£242 million

Advised Curtis Banks on the recommended cash offer from Nucleus.

Jan 2023 London

Undisclosed

Advised R&Q on the successful defence against shareholder Phoenix Asset Management Partners’ attempt to requisition management changes.

Sep 2022 London

Undisclosed

Advised Samsung Life on the acquisition of a minority equity stake in Meridiam.

Apr 2023 London

Undisclosed

Advised Nordic Capital on the acquisition of Ascot Lloyd.

Apr 2022 London

£375 million

Advised Sun Life Financial on the acquisition of a majority stake in InfraRed Capital Partners.

Dec 2019 United Kingdom

£185 million

Advised the Co-operative Group on the sale of its insurance underwriting business to Markerstudy and agreement of a 13-year distribution agreement for home and motor insurance.

Jan 2019 United Kingdom

£410 million

Advised Numis on the recommended cash offer from Deutsche Bank.

Apr 2023

Undisclosed

Advised Epiris and Nucleus on the sale of a majority stake in Nucleus to HPS.

Mar 2022 United Kingdom

Undisclosed

Advised CNP Assurances on the sale of its Spanish life insurance subsidiary, CNP Partners, to Mediterráneo Vida.

Mar 2022 Paris

c.£170 million

Advised Canaccord Genuity Wealth Management UK on the acquisition of Punter Southall Wealth.

Dec 2021 United Kingdom

$1 billion

Advised IG Group on its acquisition of tastytrade.

Jan 2021 United Kingdom

Undisclosed

Advised Groupe BPCE on the acquisition of a 50.1% stake in Oney Bank and entering into a long term strategic partnership.

Feb 2019 France

£578 million

Advised LV= on the sale of its remaining 51% stake in LV= General Insurance to Allianz.

May 2019

c.€660 million

Advising AXA on the sale of a closed life and pensions portfolio in Germany to Athora.

Jul 2022 Germany

£248 million

Advised Sun Life Financial on the sale of Sun Life UK and long-term strategic partnership with Phoenix Group.

Aug 2022 UK

€650 million

Advised AXA on its acquisition of Laya Healthcare from Corebridge, a subsidiary of AIG.

Aug 2023 London

£410 million

Advised Hermes Investment Management on the sale of a 60% stake to Federated Investors.

Apr 2018 United Kingdom

Undisclosed

Advising Nationwide Building Society on the transfer of its financial advice business and establishment of an introducer agreement with Aegon UK.

Aug 2023 London

£95 million

Advised Fluent Money Group on the sale of a 75% stake in the Group to Mortgage Advice Bureau.

Mar 2022 United Kingdom

Undisclosed

Advised Ageas on the disposal of its French activities (Ageas France) to Carac.

Mar 2023 Brussels

£140 million

Advised L&G on the sale of Cofunds to Aegon.

Aug 2016 United Kingdom

£12 billion

Advised Standard Life on its recommended all-share merger with Aberdeen Asset Management.

May 2017 United Kingdom

£2.5 billion

Advised Ardonagh on its group refinancing including a combination of both private and public instruments.

Jun 2020 United Kingdom

£390 million

Advised Embark Group on its sale to Lloyds Banking Group plc.

Jul 2021 United Kingdom

Undisclosed

Advised BGL on the sale of its insurance distribution business, BGLi to the Markerstudy.

Jan 2022 London

£342 million

Advised DWF on the recommended cash offer from Inflexion Private Equity Partners.

Jul 2023 London

£271 million

Advised Premier Asset Management on its recommended all-share merger with Miton.

Sep 2019 United Kingdom

Undisclosed

Advised By Miles Group Limited on its sale to Direct Line Group.

Apr 2023 London

£242 million

Advised Legal & General on the sale of its general insurance business to Allianz.

May 2019

Undisclosed

Advising Groupe BPCE on the acquisition of leasing group Eurolocatique by BPCE Lease.

Nov 2022 Paris

Undisclosed

Advising Aegon on the sale of its UK individual protection portfolio to Royal London.

Apr 2023

£839 million

Advised Investec on the all-share combination of Investec Wealth & Investment UK and Rathbones.

Apr 2023 London

£370 million

Advised Jupiter Fund Management on the acquisition of Merian Global Investors.

Feb 2020 United Kingdom

£1.2 billion

Advising Ardonagh on the merger of its UK personal lines business, Atlanta, with Markerstudy.

Sep 2023 London
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Advised Investec on the all-share combination of Investec Wealth & Investment UK and Rathbones.

Counterparties
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Advised Samsung Life on the acquisition of a minority equity stake in Meridiam.

Counterparties
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Advised AlbaCore Capital on the sale of a majority stake to First Sentier Investors.

Counterparties
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Advised Curtis Banks on the recommended cash offer from Nucleus.

Counterparties
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Advised Nordic Capital on the acquisition of Ascot Lloyd.

Counterparties
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Advised Epiris and Nucleus on the sale of a majority stake in Nucleus to HPS.

Counterparties
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Advised Canaccord Genuity Wealth Management UK on the acquisition of Punter Southall Wealth.

Counterparties
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Advised J.C. Flowers on the sale of interactive investor to abrdn.

Counterparties
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Advised Embark Group on its sale to Lloyds Banking Group plc.

Counterparties
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Advised Jupiter Fund Management on the acquisition of Merian Global Investors.

Counterparties
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Advised Sun Life Financial on the acquisition of a majority stake in InfraRed Capital Partners.

Counterparties
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Advised Investec on the demerger of its Asset Management business (rebranding to Ninety One).

Counterparty
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Advised Premier Asset Management on its recommended all-share merger with Miton.

Counterparties
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Advised Hermes Investment Management on the sale of a 60% stake to Federated Investors.

Counterparties
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Advised Standard Life on its recommended all-share merger with Aberdeen Asset Management.

Counterparties
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Advised L&G on the sale of Cofunds to Aegon.

Counterparty

Fenchurch is pleased to have advised Legal & General on the sale of Cofunds to Aegon for £140m. Cofunds is the largest investment platform in the UK with £77bn AUA. The sale includes the Investor Portfolio Service which provides platform services to a number of building societies including Nationwide.
 
L&G concluded that Cofunds requires a significant upgrade in technology to exploit its leadership position in the UK platform market and this was best achieved under Aegon's ownership as a specialist wealth platform provider.
 
For Aegon UK this transaction completes its strategic transformation from traditional life insurance to platform business and follows L&G’s acquisition of a £2.9bn back book annuity portfolio from Aegon in May 2016.
 
Mark Gregory, Legal & General Group Chief Finance Officer commented: “We were impressed by Fenchurch’s commitment to this engagement. Their deep sector relationships, intimate knowledge of the UK platform sector and first class M&A execution skills were important factors in successfully delivering this transaction.”

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Advising Nationwide Building Society on the transfer of its financial advice business and establishment of an introducer agreement with Aegon UK.

Counterparties
Close

Advised Ageas on the disposal of its French activities (Ageas France) to Carac.

Counterparties
Close

Advised Cinven on its acquisition of International Financial Group Limited.

Counterparties
Close

Advised CNP Assurances on the sale of its Spanish life insurance subsidiary, CNP Partners, to Mediterráneo Vida.

Counterparties
Close

Advised AÉSIO mutuelle on the sale of its minority stake in Mutex to Groupe VYV.

Counterparties
Close

Advised Swiss Re on the sale of ReAssure to Phoenix Group.

Counterparties
Close

Advised Standard Life Aberdeen on the sale of its insurance business and long-term strategic partnership with Phoenix Group.

Counterparties
Close

Advising AXA on the sale of a closed life and pensions portfolio in Germany to Athora.

Counterparties
Close

Advised Sun Life Financial on the sale of Sun Life UK and long-term strategic partnership with Phoenix Group.

Counterparties
Close

Advising Aegon on the sale of its UK individual protection portfolio to Royal London.

Counterparties
Close

Advising Zurich on the sale of its annuity business in Chile to Ohio National Seguros de Vida S.A., a subsidiary of Constellation Insurance.

Counterparties
Close

Advised AXA on its acquisition of Laya Healthcare from Corebridge, a subsidiary of AIG.

Counterparties
Close

Advised R&Q on the successful defence against shareholder Phoenix Asset Management Partners’ attempt to requisition management changes.

Counterparties
Close

Advised BGL on the sale of its insurance distribution business, BGLi to the Markerstudy.

Counterparties
Close

Advised Hastings on the recommended cash offer from a consortium of Sampo and RMI.

Counterparties
Close

Advised Ardonagh on its group refinancing including a combination of both private and public instruments.

Counterparties
Close

Advised Legal & General on the sale of its general insurance business to Allianz.

Counterparties
Close

Advised LV= on the sale of its remaining 51% stake in LV= General Insurance to Allianz.

Counterparties
Close

Advised the Co-operative Group on the sale of its insurance underwriting business to Markerstudy and agreement of a 13-year distribution agreement for home and motor insurance.

Counterparties
Close

Advised By Miles Group Limited on its sale to Direct Line Group.

Counterparties
Close

Advising Ardonagh on the merger of its UK personal lines business, Atlanta, with Markerstudy.

Counterparties
Close

Advising R&Q on the sale of its program management business, Accredited, to Onex.

Counterparties
Close

Advised Numis on the recommended cash offer from Deutsche Bank.

Counterparties
Close

Advising Groupe BPCE on the acquisition of leasing group Eurolocatique by BPCE Lease.

Counterparties
Close

Advised Fluent Money Group on the sale of a 75% stake in the Group to Mortgage Advice Bureau.

Counterparties
Close

Advised Groupe BPCE on its public tender offer to the minority shareholders of Natixis.

Counterparties
Close

Advised IG Group on its acquisition of tastytrade.

Counterparties
Close

Advised Groupe BPCE on the acquisition of a 50.1% stake in Oney Bank and entering into a long term strategic partnership.

Counterparties
Close

Advised DWF on the recommended cash offer from Inflexion Private Equity Partners.

Counterparties