US private equity firm becomes controlling shareholder of Titan Wealth

FCA authorises change of control

Titan Wealth has formalised its strategic partnership with US private equity firm Parthenon Capital, after the Financial Conduct Authority authorised a change of control.

The transaction, which was first announced in February and is expected to close later this month, will see Parthenon become the majority shareholder in Titan. As the largest shareholder, the private equity firm will provide Titan with financial backing to deliver integrated financial advice, investment, and platform services through a client-to-custody strategy, the firm said. Titan Wealth acquires Square Mile Access to additional capital will also help support Titan's ongoing M&A activity, it added. Last month, the firm acquired IFA Prism Financial Advice, increasing its total ass...