Workplace advice firm Wealth at Work has secured new investment from private equity house Aquiline Capital Partners to support its rapid growth plans.
Wealth at Work delivers financial education and pensions advice to hundreds of UK companies (including BT, Marks & Spencer and Experian) and public sector organisations including the NHS. Services range from seminars and digital tools through to regulated financial advice.
The firm also provides retirement services to pension scheme trustees and members.
Wealth at Work was bought by Equistone Partners Europe in 2015 in a management buyout. Its management team will retain a “significant” equity stake following the investment from Aquiline Capital Partners.
Jonathan Watts-Lay, director of the Wealth at Work group, said: “This new investment will support the delivery of our growth plans and ensure our services continuously innovate and develop as we invest in technology to allow us to build on our offering further”.
Aquiline Capital Partners is a US-based private investment firm based in New York and London with $6.4bn in assets under management.
The investment is subject to all parties obtaining regulatory approval.