We have maintained a simple and consistent approach – offering first-class corporate finance and M&A advice to our clients by attracting and retaining outstanding investment banking talent.
We have maintained a simple and consistent approach – offering first-class corporate finance and M&A advice to our clients by attracting and retaining outstanding investment banking talent.
We have a unique model: providing expert strategic and corporate finance advice to our clients in the financial services sector. This is our only business.
Our team is led by senior bankers who have decades of experience and are “hands-on” in the their approach with a relentless focus on meeting our clients’ objectives.
Financial services is becoming increasingly inter-connected. Our expertise across all financial services sectors allows us to have a multi-dimensional approach and deliver creative yet realistic solutions for our clients.
Our professionals are amongst the brightest and most experienced in the industry and thrive on providing expert perspectives to help clients address the most complex strategic issues. We are deeply analytical and fact based, supporting our judgement and advice with rigorous financial analysis.
Our well-connected senior bankers and industrial scale capabilities allow us to introduce relevant ideas and opportunities at an early stage. Our inquisitive nature means that we support our clients to challenge the industrial, strategic, financial, operational and regulatory parameters involved in each assignment. Quite often, we support our clients in concluding not to undertake certain transactions. Our ability to do this at an early stage saves precious management time and avoids unnecessary costs. Discretion is at the heart of our business, enabling our clients to maximise tactical and commercial advantage.
“Our sector expertise and connectivity means that our clients benefit from our strategic insights as well as our deep understanding of a rapidly changing regulatory environment. M&A in financial services needs to be highly sensitive to the complex regulatory and capital impact of transactions, which means that our clients need our expert support in debt and equity capital instruments and markets.”
Chris Deville Senior Managing Director
“Our client proposition has at its heart senior bankers deeply involved in leading M&A transactions, working with discretion and enthusiasm. This is facilitated by our pure and simple business model where every client is special. The Fenchurch business is not managed by ratios and productivity per head. Our internal criterion for measuring success is the satisfaction level of our clients and their public and private endorsement of Fenchurch.”
Duncan Buck Vice Chairman
“We offer clients a powerful cocktail of discreet, trusted relationship based advice combined with first class corporate finance execution. This has enabled us to secure repeat business from some of the largest and most sophisticated financial institutions who are heavily solicited by our much larger and better known competitors.”
Graham Marchant Senior Managing Director
“Our expertise and capabilities are proven and relevant in the UK and internationally. We have initiated and executed numerous cross border transactions which are a testament to our global sector perspectives and diverse team.”
Vincent Bounie Senior Managing Director
£370 million
Advising Jupiter Fund Management on the proposed acquisition of Merian Global Investors.
Feb 2020 United Kingdom
£3.24 billion
Advised Standard Life Aberdeen on the sale of its insurance business and long-term strategic partnership with Phoenix Group.
Feb 2018 United Kingdom
£578 million
Advised LV= on the sale of its remaining 51% stake in LV= General Insurance to Allianz.
May 2019
€1.2 billion
Advising AXA on the sale of its European variable annuities carrier, AXA Life Europe, to Cinven.
Aug 2018 Ireland
£1.9 billion
Advised Investec on the demerger of its Asset Management business (rebranding to Ninety One).
Nov 2019 United Kingdom & South Africa
£271 million
Advised Premier Asset Management on its recommended all-share merger with Miton Group.
Sep 2019 United Kingdom
£185 million
Advising the Co-operative Group on the sale of its insurance underwriting business to Markerstudy and agreement of a 13-year distribution agreement for home and motor insurance.
Jan 2019 United Kingdom
£242 million
Advised Legal & General on the sale of its general insurance business to Allianz.
May 2019
Undisclosed
Advised Groupe BPCE on the acquisition of a 50.1% stake in Oney Bank and entering into a long term strategic partnership.
Feb 2019 France
£375 million
Advising Sun Life Financial on the acquisition of a majority stake in InfraRed Capital Partners.
Dec 2019 United Kingdom
£410 million
Advised Hermes Investment Management on the sale of a 60% stake to Federated Investors.
Apr 2018 United Kingdom
£140 million
Advised L&G on the sale of Cofunds to Aegon.
Aug 2016 United Kingdom
£12 billion
Advised Standard Life plc on its recommended all-share merger with Aberdeen Asset Management plc.
May 2017 United Kingdom
£3.25 billion
Advising Swiss Re on the sale of ReAssure to Phoenix Group.
Dec 2019 United Kingdom
Fenchurch is pleased to have advised Legal & General on the sale of Cofunds to Aegon for £140m. Cofunds is the largest investment platform in the UK with £77bn AUA. The sale includes the Investor Portfolio Service which provides platform services to a number of building societies including Nationwide.
L&G concluded that Cofunds requires a significant upgrade in technology to exploit its leadership position in the UK platform market and this was best achieved under Aegon's ownership as a specialist wealth platform provider.
For Aegon UK this transaction completes its strategic transformation from traditional life insurance to platform business and follows L&G’s acquisition of a £2.9bn back book annuity portfolio from Aegon in May 2016.
Mark Gregory, Legal & General Group Chief Finance Officer commented: “We were impressed by Fenchurch’s commitment to this engagement. Their deep sector relationships, intimate knowledge of the UK platform sector and first class M&A execution skills were important factors in successfully delivering this transaction.”
