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Lane Clark & Peacock

In 2016, Inflexion provided a £41m Partnership Capital minority investment to support Lane Clark & Peacock, a financial consultancy specialising in pensions, investment and insurance. LCP was successfully exited in 2021.

  • Sector

    Financial services

  • Headquarters

    London, UK

  • Fund

    Partnership Capital

  • Investment date

    December 2016 - January 2021

  • Status

    Realised

45% revenue growth, c150% increase in assets under advice

 

The company

Founded in 1947, Lane Clark & Peacock LLP, provides expert investment and general consulting advice to c. 650 corporate and pension trustee clients that include almost half of the FTSE 100 as well as a number of insurance companies and charities. The demand for business services from corporate trustees and sponsors seeking complex advice has increased as regulation intensifies and diverse pension solutions come to market. It was formerly part of Alexander Forbes, a large pan-African financial services group.

The Inflexion investment

During the four-year partnership, LCP consolidated its market position as the leading independent provider of pension and investment consulting services. Expert headcount increased from c. 600 to nearly 800. LCP also increased its investments into broader revenue streams such as insurance, energy and analytics. In addition, the firm’s management has a forward-looking and responsible leadership style, which led to LCP becoming an industry leader in the use of technology and in Diversity and Inclusion during the period of our investment. Four years of strong growth together resulted in revenues increasing by over 50% and pension scheme assets under advice increasing from c. £100bn to c. £245bn.

The Inflexion difference

Inflexion’s Partnership Capital offering enabled LCP’s partners to return the business to independence by them taking a majority stake in the business. Inflexion then helped the business through providing access to the Inflexion network and supporting initiatives such as new business development and investment into organic growth, as well as assisting them with evaluating acquisition opportunities.

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