Alternative asset manager Pollen Street has acquired a majority stake in corporate restructuring provider Leonard Curtis, supported by private credit investor TDC.
Leonard Curtis will continue to be led by current chief executive Dan Booth and Pollen Street’s investment will speed up growth across the platform through product expansion, technology and mergers and acquisitions, the firms said.
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“Leonard Curtis is a high-quality business with a proven model, experienced leadership, and has demonstrated strong organic growth in the UK and offshore,” said Jonathan Guest, Investment Director at Pollen Street, which invests in both private equity and private credit.
“We are proud of our track record of supporting fast-growing players in the financial and business services ecosystems and are looking forward to partnering with the team for the next stage of Leonard Curtis’s growth, as it diversifies and scales organically, and further consolidates the fragmented UK professional services market.”
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“The partnership and investment from Pollen Street Capital, together with support from TDC, will allow the business to move forward and better execute our plans to grow and develop the group,” added Dan Booth, chief executive of Leonard Curtis.
Pollen Street Group’s assets under management hit £5.8bn as of 31 March this year, comprising £3.7bn in private equity and £2.1bn in private credit.
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