Deals
Carlyle Extends UK Money Manager Deal Spree With Metis Purchase
- Investment takes assets at Carlyle’s Hurst Point to £8 billion
- Firm seeks consolidation play in UK’s fragmented wealth market
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Carlyle Group Inc.’s fast-growing wealth management platform in the UK has struck its fourth deal in less than two months as it seeks a consolidation play in the country’s fragmented market for financial planning.
The private equity firm’s Hurst Point Group will buy Metis Wealth and Metis Asset Management to take its total funds under administration and management to almost £8 billion ($9.6 billion), according to a statement Monday.