London—Dentons has advised Novia Financial on its sale to AnaCap Financial Partners, a leading financial services specialist mid-market private equity investor.

Novia is the UK’s third largest independent investment and wrap platform by asset under management, having been established in 2008. It records an AuM figure of £8.15 billion and serves a client base of ~67,000 through more than 1,000 IFA firms. Novia operates one of the best technology offerings in the industry, spearheaded by its modern, adaptable and proprietary front-end. 

The acquisition of Novia marks the third investment for AnaCap in the UK wealth management platform space. AnaCap acquired Amber Financial Investments in July 2020 and Wealthtime in December 2019.

Bill Vasilieff, CEO of Novia Financial, said, "We are grateful to Dentons. Through their expertise, pragmatism and commitment they really delivered for us on this transaction."

Neil Nicholson, partner in Dentons' UK Corporate team, said, "We’re very pleased to have acted for Novia Financial on an exciting deal and look forward to the new chapter for the company."

The Dentons team, which was led by London-based Corporate partner Neil Nicholson, included Corporate partner Derek McCombe, Corporate senior associates Chris Winn and Geraint Steyn, Corporate associate Min Yang, Tax partners Lorna McCaa and James Meakin, Employment partner Sarah Beeby and Regulatory partner Michael Wainwright.

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