Alantra advises Redington on its investment from Phoenix Equity Partners

Jan 2020

Investment

Alantra, the independent, global investment banking and asset management firm, has advised Redington, the independent institutional investment consultant, on its private equity investment from Phoenix Equity Partners.  The investment will enable Redington to continue to develop its long-term proposition for clients, whilst continuing to deliver on its current level of service.

Redington provides framework-based, outcome-oriented investment advice, research and technology to some of the largest institutional investors in the UK, Europe and China. The business has seen strong growth in recent years, with Assets under Consulting increasing from £115bn in 2013 to over £500bn today. It will retain its independence and control over strategy and culture, on which the business prides itself. Redington’s founders and management team will remain unchanged as will the roles and responsibilities of the company’s circa 170 staff.

Alantra was appointed due to its strong track record of executing private equity deals with world renowned consulting and professional services businesses including Foster + Partners, Altius, SLR and Vendigital. The team at Alantra comprised Partner Steve Currie, Director Simon Roberts, Associate Oliver Nicholson and Analyst Oliver Demaine.

Simon Roberts, Director at Alantra added: “We are proud to have worked with Redington on securing its investment from Phoenix Equity Partners. Redington is a fast-growing, disruptive business with an enviable market position, which enabled us to negotiate competitive terms for the shareholders. 

The deal with Phoenix provides Redington with a long-term investment partner that is closely aligned in terms of culture and growth aspirations, whilst also being able to maintain its independence. Redington’s exceptional client service, unique culture and its progressive policies on ethnic, gender and class diversity mean that it will continue to disrupt the industry and take market share.”

Mitesh Sheth, CEO at Redington said: “The investment by Phoenix is a positive, natural and planned next step for the business and one which we are very excited about. The Alantra team provided the shareholders with invaluable advice and support throughout the transaction.  The team’s experience and help has been greatly appreciated by all the shareholders and we look forward to delivering on our plans for the next phase of growth.”