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Hawksford says it's planning to accelerate its growth after securing a new private equity investor.
European fund manager STAR Capital Partnership LLP is providing the investment capital to allow Hawksford to pursue its strategy, for which geographical expansion will be a key part.
“This deal is a significant vote of confidence in Hawksford’s strategy, management team, people, and ambition. Despite the global challenges defining 2020 and 2021, STAR identified Hawksford as an attractive investment opportunity due to our stable and long-term client partnerships, sound business returns and potential for global growth,” Hawksford Group Chief Executive Michel van Leeuwen (pictured top) said.
“Several acquisition targets have been identified, which is why the partnership with STAR represents an exciting step change in Hawksford’s successful evolution We look forward to working as partners to deliver this growth.”
Uniti Bhalla, Managing Partner of STAR, added: “We are pleased to be partnering with the Hawksford management team as they continue to develop their platform and seek new opportunities for growth. We believe that Hawksford is a strong fit to STAR’s investment strategy, with established operations in key global locations, a stable, long-term client base and a platform ideally suited to support value enhancing growth.”
The deal, which completed on 25 February following regulatory approval, was negotiated by management with both STAR Capital and the incumbent investor Dunedin, which will retain a minority stake in the business.
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