Carlyle-backed Hurst Point acquires Hawksmoor

It is expected that a number of share- and option-holders, the majority of whom are staff, will roll over their holdings in Hawksmoor into shares in Hurst Point.

Hurst Point was established in 2019 to facilitate investment by Carlyle into the UK wealth management sector and made its first investment in March 2020 with the acquisition of Harwood Wealth Management via a public scheme of arrangement.

Hawksmoor will become a separate subsidiary of Hurst Point, which intends to support the company's strategy of growth in the areas of investment management and specialist funds.

Company
Hawksmoor was founded in 2008 and is an investment and fund management business with offices in Exeter, London, Taunton, Dorchester and Bury St Edmunds. The Exeter-based business generated £9.7m in 2019.

People
Hurst Point – Ian Gladman (executive chairman).
Hawksmoor – Sarah Soar (CEO).

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