In a strategic move aimed at bolstering its presence in the UK wealth management industry, Epiris Fund III, advised by Epiris LLP, has agreed to acquire Winterflood Business Services (WBS) from Marex Group plc. WBS specializes in providing trading and custody solutions, primarily serving the retail wealth platforms and has established partnerships with major brands such as Fidelity, Transact, and Vanguard.
Founded in 2010 as part of Winterflood Securities Limited, which Marex acquired from Close Brothers plc, WBS has become a key player in its sector. The current CEO, Alex Kerry, along with the existing management team, will continue to lead the company post-acquisition, ensuring continuity and stability for its operations and clients.
Although the financial terms of the deal have not been disclosed, the acquisition is expected to enhance Epiris Fund III’s portfolio, marking this transaction as its sixth investment. The deal is also anticipated to provide WBS with the necessary resources and strategic support to further expand its offerings in the competitive wealth management market.
The acquisition is subject to certain conditions, including regulatory approvals, and is expected to close in the first part of 2026. This timeline indicates a careful approach to compliance and integration, allowing for a thorough review of the transaction by relevant regulatory bodies.
For shareholders of both companies, this deal could signify potential growth opportunities, particularly for WBS as it aligns itself with Epiris’ investment strategy. Employees of WBS can expect continuity in leadership, which may foster a stable work environment during the transition.
Overall, the acquisition reflects Epiris’ commitment to investing in high-potential businesses within the financial services landscape, while WBS is positioned to leverage Epiris’ resources to enhance its market position and service offerings. As the deal progresses through the regulatory landscape, it will be closely watched by industry analysts and market participants for its implications on the broader wealth management sector.