Epiris Fund III, advised by Epiris LLP (Epiris), has agreed to acquire Winterflood Business Services (WBS), a provider of trading and custody solutions to the UK wealth management industry, from Marex Group plc (Marex).
WBS is currently one of three main operating businesses of Winterflood Securities Limited (Winterflood) Marex has acquired from Close Brothers plc. Financial terms have not been disclosed.
Founded within Winterflood in 2010, WBS provides exchange-traded dealing and custody for retail wealth platforms. It works with brands such as Fidelity, Transact, and Vanguard. The company will continue to be led by Alex Kerry as CEO, and its existing management team.
The Epiris team on the WBS investment was Owen Wilson, Aaron Atwal and Demi Ogunlela. Epiris was advised by PwC, Mayer Brown, LEK Consulting, AlphaFMC, GP Bullhound and AJ Gallagher.
The transaction is subject to certain conditions including regulatory approvals, and is expected to close in the first part of 2026, at which point it will be Epiris Fund III’s sixth investment.
