14th November 2025

Shackleton confirms completion of investment from Lee Equity Partners to drive next phase of growth

London – 14 November 2025. Shackleton Advisers Limited (“Shackleton”) is delighted to announce the completion of the previously announced majority investment from funds managed by Lee Equity Partners, LLC (“Lee Equity”), following receipt of approval from the Financial Conduct Authority.

Shackleton has ambitious plans to expand the availability of its distinctive and differentiated advice proposition, and breadth of service offerings, positioning it as Britain’s financial advisor. Lee Equity’s substantial investment will support the firm’s strategic priorities as it continues to capitalise on strong organic growth momentum and opportunities arising from industry consolidation.

Having rebranded to Shackleton in December 2024, uniting its founding firms under a single identity, approach and set of values, the business has added meaningfully to the range of services and capabilities it is able to offer to clients, including its Court of Protection and personal injury (“CoP & PI”) business, which provides highly specialised advice and services to some of the most vulnerable people in the country, and its expanded employee benefits consulting capabilities.

Paul Feeney, Chief Executive Officer of Shackleton, said: “It is no exaggeration to say that Shackleton’s journey to becoming Britain’s financial adviser has thus far been possible as a direct result of the strong support we have received from our principal financial backers and owners, and I am entirely confident that will remain the case going forwards. Sovereign Capital has been very supportive, and I am thrilled that we have been able to partner with Lee Equity for the next phase of our growth. The sector expertise and resources they will provide are second to none; to have been able to attract a backer of Lee Equity’s calibre and scale is a wonderful endorsement of our strategy, and bodes extremely well for clients and colleagues alike.

“Firms like Shackleton have a crucial role to play, not only in delivering the fair and affordable advice that so many consumers need, but also in supporting the UK’s economic growth.

“I would also like to commend and thank our regulator, the Financial Conduct Authority, for its support and approval of the change in control.”

Andrew Fisher, Chairman of Shackleton, added: “I’d like to offer my thanks, once again, to Sovereign for all their support over the years. In Shackleton, I believe we are building a remarkable, modern business with the ability to meet the financial planning needs of people across Britain, and I’m delighted to continue my role as Chairman with Lee Equity and management. Lee Equity’s substantial investment in Shackleton, combined with the expertise that the investment team brings, will enable us meaningfully to accelerate our growth, and to invest in the services we are able to offer clients, and the people who deliver them.”

Danny Rodriguez, Partner at Lee Equity, said: “The UK market for financial advice is one of the world’s largest, and yet it remains underserved and highly fragmented. We had spent multiple years in search of the right business to partner with, and we are delighted to have found that in Shackleton. We believe the company’s first-rate leadership team, clear strategy, and differentiated client experience for the mass-affluent market will enable the business to continue on its strong growth trajectory. There is a substantial need across the UK for Shackleton’s distinctive advice proposition, and it is a privilege to be able to support its outstanding potential over the years ahead.”

Alex Hay, Partner at Sovereign Capital Partners LLP, Shackleton’s previous private equity investor, concluded: “It has been an absolute pleasure to have partnered with the Shackleton team, and to have witnessed the transformation of the business into a leading, nationwide financial planning firm. We have every confidence that the business will continue to thrive and to grow under the expert leadership of Paul, Andrew and the broader team, and with the significant support of such a highly respected international investor as Lee Equity. We offer Shackleton and Lee Equity our very best wishes for what looks set to be an exciting partnership and future.”

Shackleton was advised by Lazard (M&A) and Pinsent Masons (legal). Lee Equity was advised by Evercore (M&A) and Proskauer (legal).

– ENDS –

Notes for editors:

About Shackleton:

Shackleton is bringing together some of the UK’s most respected and well-established financial advice firms under one forward-thinking group, built on shared values, a unified service approach, and a fair, transparent fee structure. With a strong nationwide presence, Shackleton is committed to providing high-quality, trusted financial advice across the country, at a price people can afford.

About Lee Equity:

Lee Equity Partners, LLC is a middle-market private equity firm that partners with businesses in the financial and healthcare services sectors. Over nearly two decades the firm has utilized its thematic based investment strategy and deep sector knowledge to identify and partner with talented management teams to accelerate growth and build market leading businesses. Additional information is available at leeequity.com.

Media enquiries:

Will Gold, Head of Communications, Shackleton – Britain’s financial adviser will.gold@shackletonadvisers.co.uk | +44(0)7950 369 149 | +44(0)20 3828 8103

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