Thistle Initiatives supports Preservation Capital Partners to become the majority shareholder of Saltus Group
August 4, 2022
Preservation Capital Partners will back Saltus’ existing management team and strategy, in a regime of continuity, with the ambition to become one of the most prominent and highest quality wealth management providers in the UK.
The Investments team at Thistle Initiatives was engaged by Preservation Capital Partners to undertake compliance due diligence to become a majority shareholder of London based Wealth Management firm Saltus.
Andrea Secci, Managing Director at PCP, said: “The central principle of our investment approach is to back outstanding management teams that have demonstrated an ability to outperform the market. Saltus has industry-leading double-digit organic growth rates, very high retention, and a unique vertically integrated business model. We are delighted to be supporting the firm to supercharge growth and make that ambition a reality.”
Jon Macintosh, Managing Partner at Saltus, said: “We have grown significantly over the past few years – both organically and through the acquisitions we have made – and as a result are seeing increasing demand from high-net-worth clients for our goal-focussed financial planning and wealth management services.
“The next step in our evolution is to create an offering to support the UK’s most sophisticated and high-end financial advisers so that they can grow their business faster, maximise value, and focus on doing the bits of their job they love the most – looking after clients and winning new ones.
“We believe PCP’s insight, experience and capital will significantly enhance our ability to expand the Saltus business and cement our position as the leading HNW wealth manager in the UK.”
For more information, visit: https://preservationcapitalpartners.com/preservation-capital-partners-announces-investment-in-saltus/
James Dingwall, CEO and founder at Thistle Initiatives said:
“We’d like to congratulate the team at Preservation Capital Partners on successfully acquiring the majority stake in Saltus Group, it has been a pleasure to support you on this acquisition. We’re excited to see what is in store next for the team at Preservation Capital Partners and we’re looking forward to continuing to support the business over the years to come”.