• In February 2020, Asgard advised the shareholders of HLO Limited, trading as Prospect Wealth Management (“Prospect Wealth”), on the sale to IPS Capital LLP
• Prospect Wealth was set up by Lucas Fettes PLC ("Lucas Fettes"), Pat O’Hara and Matthew Hunt in 2006 as a private client wealth manager. Two significant IFA clients were Lucas Fettes Financial Planning and Ascot Lloyd, a firm of which Pat O’Hara was a founder shareholder before its sale in 2017 to Bellpenny
• 50.5% had been held by Lucas Fettes before its sale in 2017 to Stackhouse Poland following which the principals behind Lucas Fettes held the shares personally. Pat O’Hara held 20% personally with the remainder held by management, principally Matthew Hunt, who became a partner in IPS Capital
• Our role included identifying the buyer and advising on the structure and terms of the sale

“Asgard has been engaged for a few years to help us find an exit for our investment in Prospect Wealth. We are pleased that IPS Capital is a good fit for all parties including the clients of Prospect Wealth, the selling shareholders and the staff, and provides continuity in the investment process and client service. We would be happy to recommend Asgard as a knowledgeable and committed firm.”
Robin Lucas on behalf of the majority sellers, formerly CEO of Lucas Fettes

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