Fenchurch Advisory was established to serve the unique requirements for expert corporate finance and M&A advice to the financial services industry.
Fenchurch Advisory was established to serve the unique requirements for expert corporate finance and M&A advice to the financial services industry.
<p>Founder and Chief Executive of Fenchurch</p> <p>Over 25 years of investment banking experience</p> <p>Formerly a Managing Director of Credit Suisse/DLJ and previously a Director of Kleinwort Benson</p> <p>Qualified as a Chartered Accountant with Arthur Andersen</p> <p>MA (Economics) University of Manchester</p>
Malik KarimSince formation, we have acted on some of the most complex transactions in the industry and demonstrated a sure touch in delivering success irrespective of market conditions.
We develop long-term trusted advisory relationships with our clients, supporting them throughout cycles in identifying and pursuing strategic alternatives. Our senior team is dedicated to every client assignment, fully committed to discretely providing the highest calibre of service, industry expertise and insight.
Our deep understanding of financial services and its inter-connectivity enhances our ability to execute M&A transactions for our clients – this is the foundation of our client proposition.
Our team of senior bankers is highly experienced and has worked together for more than two decades. We have managed to keep everyone challenged and maintain a simple business model. There is a tremendous amount of camaraderie within our team and we always operate as one business with a single agenda: to help our clients solve their strategic issues and exploit opportunities. This is facilitated by the full alignment of our business model with our clients’ interests.
Our firm is independently-managed with a partnership culture. Our track record of taking a long-term and independent view on behalf of our clients has meant that we have been privileged to secure an exceptional amount of repeat business.
As of June 2018, Fenchurch is an independently-managed affiliate of Natixis, part of Groupe BPCE.
“I am privileged to lead a stable group of immensely talented bankers who have built Fenchurch with exceptional teamwork. The firm has developed an excellent reputation and is well positioned to continue to reinforce our unique position as the only specialist independent adviser dedicated to financial services with an industrial scale sector capability.”
Malik Karim Founder and Chief Executive
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
£140 million
Advised L&G on the sale of Cofunds to Aegon.
Aug 2016 United Kingdom
£375 million
Advised Sun Life Financial on the acquisition of a majority stake in InfraRed Capital Partners.
Dec 2019 United Kingdom
£2.5 billion
Advised The Ardonagh Group on its group refinancing including a combination of both private and public instruments.
Jun 2020 United Kingdom
£271 million
Advised Premier Asset Management on its recommended all-share merger with Miton Group.
Sep 2019 United Kingdom
£248 million
Advising Sun Life Financial on the sale of Sun Life UK and long-term strategic partnership with Phoenix Group.
Aug 2022 UK
£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
Undisclosed
Advising Nordic Capital on the acquisition of Ascot Lloyd.
Apr 2022 London
£410 million
Advised Hermes Investment Management on the sale of a 60% stake to Federated Investors.
Apr 2018 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
Undisclosed
Advising Groupe BPCE on the acquisition of leasing group Eurolocatique by BPCE Lease.
Nov 2022 Paris
$1 billion
Advised IG Group on its acquisition of tastytrade, Inc.
Jan 2021 United Kingdom
£578 million
Advised LV= on the sale of its remaining 51% stake in LV= General Insurance 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
Undisclosed
Advising Epiris and Nucleus on the sale of a majority stake in Nucleus to HPS.
Mar 2022 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
£3.25 billion
Advised Swiss Re on the sale of ReAssure to Phoenix Group.
Dec 2019 United Kingdom
c.£170 million
Advised Canaccord Genuity Wealth Management UK on the acquisition of Punter Southall Wealth.
Dec 2021 United Kingdom
Undisclosed
Advised R&Q on the successful defence against shareholder Phoenix Asset Management Partners’ attempt to requisition management changes.
Sep 2022 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
€3.7 billion
Advised Groupe BPCE on its public tender offer to the minority shareholders of Natixis.
Feb 2021 France
£370 million
Advised Jupiter Fund Management on the acquisition of Merian Global Investors.
Feb 2020 United Kingdom
£1.7 billion
Advised Hastings Group plc on the recommended cash offer from a consortium of Sampo and RMI.
Aug 2020 United Kingdom
c.€660 million
Advising AXA on the sale of a closed life and pensions portfolio in Germany to Athora.
Jul 2022 Germany
Undisclosed
Advising Cinven on its acquisition of International Financial Group Limited.
Feb 2022 London
£242 million
Advised Legal & General on the sale of its general insurance business to Allianz.
May 2019
Undisclosed
Advising CNP Assurances on the sale of its Spanish life insurance subsidiary, CNP Partners, to Mediterráneo Vida.
Mar 2022 Paris
Undisclosed
Advised BGL Group on the sale of its insurance distribution business, BGLi to the Markerstudy Group.
Jan 2022 London
£390 million
Advised Embark Group on its sale to Lloyds Banking Group plc.
Jul 2021 United Kingdom
Undisclosed
Advised AÉSIO mutuelle on the sale of its minority stake in Mutex to Groupe VYV.
Jul 2021 France
£1.49 billion
Advised J.C. Flowers on the sale of interactive investor to abrdn.
Dec 2021 United Kingdom
£242 million
Advising Curtis Banks Group plc on the recommended cash offer from Nucleus.
Jan 2023 London
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.”
