Lovell Minnick Partners, a private equity firm, has bought London & Capital.

London & Capital is a wealth and asset manager with £4.1 billion of assets under management.

“We chose to partner with LMP because of the firm’s excellent track record of working with management teams to scale and enhance wealth and asset management firms,” said Guy McGlashan, CEO at London & Capital. “We are at an exciting point in our evolution as a firm, and attracting the private investment plus the operational support LMP offers, will allow us to expand our client solutions, grow internationally, invest in technology, and bring on new teams.”

Raymond James Financial served as financial adviser to LMP, and Spencer House Partners acted as financial adviser to London & Capital. Proskauer Rose LLP served as legal counsel to LMP, and Charles Russell Speechlys served as legal counsel to London & Capital. Wallace LLP and Cavendish Corporate Finance LLP served as legal and financial advisers to the Freedman family.