Fenchurch has developed an extensive track record of working on many international and cross border assignments.

International Open
International Open

Our diverse team and simple operating model allows us to offer clients a seamless cross-border advisory service. We have been successful in sourcing, structuring and executing sell-side and buy-side transactions across multiple jurisdictions.

Our broad relationships with the international financial services community means that we can offer our clients a truly global perspective on the issues they face.

Our international client base includes leading financial institutions based in the UK, Continental Europe, the United States, Canada, South Africa, Asia and Australia.

Profile

“Our client proposition has at its heart senior bankers deeply involved in leading M&A transactions, working with discretion and enthusiasm. This is facilitated by our pure and simple business model where every client is special. The Fenchurch business is not managed by ratios and productivity per head. Our internal criterion for measuring success is the satisfaction level of our clients and their public and private endorsement of Fenchurch.”

Duncan Buck Vice Chairman

“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

“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

“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

Case Study

£3.25 billion

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

Dec 2019 United Kingdom

£140 million

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

Aug 2016 United Kingdom

£370 million

Advising Jupiter Fund Management on the proposed acquisition of Merian Global Investors.

Feb 2020 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

£375 million

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

Dec 2019 United Kingdom

£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

€1.2 billion

Advising AXA on the sale of its European variable annuities carrier, AXA Life Europe, to Cinven.

Aug 2018 Ireland

£578 million

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

May 2019

£185 million

Advising 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

£242 million

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

May 2019

£12 billion

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

May 2017 United Kingdom

£271 million

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

Sep 2019 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

£410 million

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

Apr 2018 United Kingdom
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Advising Jupiter Fund Management on the proposed acquisition of Merian Global Investors.

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Advising 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 Group.

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

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

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 Swiss Re on the sale of ReAssure to Phoenix Group.

Counterparties
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Advising AXA on the sale of its European variable annuities carrier, AXA Life Europe, to Cinven.

Counterparties
Close

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

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

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

Counterparties