Press Release

CBPE completes sale of Perspective


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CBPE is pleased to announce that it has completed on the sale of Perspective to Charlesbank, a US middle-market private equity firm, generating a return of 5.4x MoC for Fund IX.


CBPE is pleased to announce that it has completed on the sale of Perspective Financial Group Limited (“Perspective”) to US middle-market private equity firm Charlesbank Capital Partners LLC (“Charlesbank”).

During CBPE’s investment the business has grown significantly from £2.6bn to £8.0bn of assets under management through a focused buy-and-build investment strategy, supported by strong organic growth. Perspective has completed or exchanged on 54 acquisitions since CBPE invested. These have been fully integrated into the group, ensuring consistently high standards of advice whilst enabling all acquisitions to benefit from the significant investments that have been made in central support functions and technology.

The transaction completed on 8 May 2024 following regulatory approval from the FCA. The sale to Charlesbank represents a money multiple of 5.4x CBPE’s original investment in Perspective.

This exit marks the sixth realisation for CBPE’s 2016 vintage Fund IX with a weighted average return across these six exits of 5.1x MoC.

We have been delighted to partner with a strong management team at Perspective. The business has developed and grown significantly in its first round of institutional investment, whilst sticking to founding principles, which is exactly the type of journey CBPE looks to support. We take immense pride in what we have achieved together and wish the team the best of luck in the exciting next stage with Charlesbank.

Richard Thompson, Partner

CBPE’s investment in Perspective was led by Richard Thompson and Harry Hewlett with support from Rachel Milton.

CBPE were advised by: Houlihan Lokey (Corporate Finance), Mayer Brown (Legal), Deloitte (financial, operational and tax diligence), LEK (commercial diligence), Thistle Initiatives (regulatory diligence) and Crosslake (IT).