Financial services group Evelyn Partners has acquired London-based wealth manager Dart Capital for an undisclosed sum.
The transaction is subject to regulatory approval and is expected to complete later this year.
Dart Capital, which is led by chief executive Richard Whitehead, has assets under management of £739m (€863, $930m).
“Evelyn Partners’ additional depth and breadth of resource will help us continue to nurture, preserve, and grow our clients’ wealth. We are excited for the future and look forward to supporting our clients in our new home,” said Whitehead.
Chris Woodhouse, Evelyn Partners chief executive, said: “Richard and his team have built an impressive business over many years that supports a top-tier client base. We are delighted that they have chosen to become part of Evelyn Partners at an exciting time of growth and development for the group.”
The deal follows the announcement that Paul Geddes will take on the role of chief executive at Evelyn Partners.
Geddes will succeed Chris Woodhouse, who is retiring from full-time executive management after dedicating over five and half years to the role.
He will join the business on 3 July from QA Group, where he has been chief executive since 2019. QA is a leading provider of higher education and workforce learning programmes and services and is owned by CVC Capital Partners.