By Powerscourt on 22/02/2021

Three asset management sector wins for Powerscourt

Team shortlisted for PRCA’s best M&A communications award for work with Jupiter Asset Management

Powerscourt has bolstered its client list in the asset management sector, adding two retained clients and a transaction since the start of the year.

Tavistock Investments and the European Leveraged Finance Association (ELFA) have appointed Powerscourt as their retained strategic communications advisers. Powerscourt was also appointed to work with Carne Group on its €100 million investment from Vitruvian Partners.

Tavistock Investments is an AIM listed financial services group with 180 financial advisers across the UK, helping over 30,000 clients look after more than £3 billon of investments. Powerscourt will work with the company on its financial and corporate communications.

The ELFA is a trade association comprised of European leveraged finance investors from over 40 institutional fixed income managers, seeking to support the growth and resilience of the leveraged finance market. Powerscourt is working with ELFA to promote its work among existing and potential members and wider market participants.

Powerscourt worked with Carne Group, the digitally driven platform for the asset management industry, on its recent €100 million private equity investment from Vitruvian Partners for a minority stake in the business. The project saw Powerscourt support Carne with international media outreach, provide in-market media support in Ireland and work closely with a partner agency in Luxembourg.

The new accounts are led by Gilly Lock, a Director in the Financials team, who joined Powerscourt towards the end of 2020 to help build on the firm’s existing expertise and offering to the asset management, wealth management and wider investments sector.

Separately, Powerscourt’s Financials team has been shortlisted in the PRCA’s 2021 City & Financial Awards in the category of best M&A communications for its work supporting Jupiter Asset Management’s acquisition of Merian Global Investors, which completed last year.

Justin Griffiths, Partner and Head of Financials at Powerscourt, commented: “These new client wins further bolster and diversify our investment credentials, as we build our offering following recent hires. While sitting across quite different areas of the market, Tavistock, ELFA and Carne all show exciting growth prospects and we’re really pleased to be working with them.

“I am also very pleased that our work on Jupiter’s acquisition of Merian has been recognised by the PRCA. The fact that this transformational deal was completed during the first national lockdown is a real testament to the work of the Jupiter team and we were proud to have played our small part.”