- Quinn advises on LDC’s Management Buyout of JPMorgan Invest
The Quinn Partnership advises on LDC’s Management Buyout of JPMorgan Invest
The Quinn Partnership, Management Due Diligence specialists, has advised LDC’s Manchester office on their management buyout of JPMorgan Invests for an undisclosed amount.
This transaction is LDC’s 11th deal this year and part of their strategy to invest £250 million in 2009, bringing the total sum of new equity committed to over £115 million.
Liverpool based JPMorgan Invests, set up in 2005, employs 47 people and specialises in a niche market providing financial education for the workplace, their services allows employees to understand and maximise the value of their benefits.
As part of the deal, JPMorgan Invests is to be rebranded Wealth At Work. Ray Stenton and Catherine Houghton, both of whom led the deal, will join the Wealth At Work board. With support from LDC it is hoped that over the next three years, the company will have over £1billion of assets’ under management.
Ray Stenton, director at LDC North West, said: “Wealth At Work is a well-invested business that has the systems, infrastructure and people in place to grow rapidly in an area which is increasingly coming to the fore.”
Paul Quinn, Director at The Quinn Partnership commented, “This is yet another example of how The Quinn Partnership has worked with the LDC team to support them through this exciting phase of investment. David Cassidy and his team are poised to deliver a strong business plan and have the experience and blend of capability to drive this forward successfully.”