Northcote

Our role

Our UK Financial Services M&A team is pleased to have acted as lead buy-side adviser to Northcote Equity (“Northcote”) on its minority investment in Lockhart Capital Management (“Lockhart”), a UK-based financial planning and wealth management firm.

The partnership will enable Lockhart to continue enhancing its technology and infrastructure, further strengthen its team, attract high-quality advisers and specialists, and selectively expand its presence in existing and new regions, while preserving the firm's independent culture and employee-led ownership model.

Matthew Charman, Co-Founder at Northcote Equity, commented:

“We’re delighted to be partnering with Jon and the wider team to support the next stage of the firm's development, while preserving the boutique culture and client-first approach that have underpinned its success. The Investec team combined sharp sector insight with genuine commercial pragmatism, helping us complete the investment smoothly. We’re grateful for their support and look forward to working with them again.”

Sean Crookes, Head of UK Financial Services Advisory at Investec, commented:

“Lockhart is a high-quality, differentiated wealth management business with a strong client-first culture and an ambitious management team. Northcote’s partnership-led approach makes it an excellent fit to support Lockhart’s next phase of growth while preserving the independence and employee ownership that have underpinned its success. We are delighted to have advised Northcote on this investment and wish both teams every success in their partnership.”

The deal highlights Investec’s deep understanding of the wealth management sector and our ability to provide private equity clients with insightful, tailored advice throughout complex transactions.