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Oakley Capital acquires BDO Investment Management

Oakley Capital Private Equity has acquired a majority stake in BDO Investment Management.

Oakley has acquired an 84.4 per cent stake in BDO, which provides wealth management and corporate benefit services to private individuals and corporates.

BDO LLP, the UK member firm of the BDO international network, is to retain a 15.6 per cent stake in a bid to demonstrate its continued confidence and commitment to the business.

The strategic partnership is designed to provide BDO Investment Management with the necessary capital to grow its funds under management.

Oakley Capital Private Equity is an unlisted UK and European mid-market private equity fund.

David Pitman, who was the former CEO of Close Wealth Management, will take on the CEO role at BDOM Investment Management.

He says: ““I am delighted to be joining BDOIM and taking the Company forward on its next phase of growth.  BDOIM has a strong market position as an independent provider of client-focused advice with offices throughout the UK. The combination of the Company’shighly qualified advisers and its fee-based business model will provide a sound building block to significantly grow the business.”

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Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. I have investments managed on a discretionary basis b BDO. I am anxious to know how my account will be managed in the future, and also. more impotantly how secure are my funds, now that Oakley Capital have an 84% interest based in Bermuda? If I were to tell an innocent third party my investments are now being managed by an off shore company I am sur would be advised dont go down that route Your comments will be appreciated to calm my nerves!

    J. williams

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