UK fund management by numbers IMAS S Corpora rate te Finance - - PowerPoint PPT Presentation

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Jan 03, 2023 149 likes •232 views

UK fund management by numbers IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses Fund management is the largest activity across the whole of UK financial services Overview of financial services

SLIDE 1

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

UK fund management by numbers

SLIDE 2

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

Investment 50% Financial support services 13% Lending 16% General Insurance 21%

Overview of financial services businesses (2,990 groups)

Source: IMAS-insight

Fund Manager 21% Hedge Fund 16% Private Equity 15% Stockbroker 9% Corporate Finance 8% IFA Business 6% Private Client Wealth Manager 5% Other 20%

Overview of the investment sector (1,497 groups)

Source: IMAS-insight

The UK financial services sector is dominated by investment businesses, with over 50% of the market (defined as groups with a capital value in excess of £5 million) Within the investment sector, 21% of businesses have been classified as fund managers.

Fund management is the largest activity across the whole of UK financial services

SLIDE 3

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

Overseas investment is key to the UK fund management sector

Overseas Owned 34% Privately Held 53% Widely Held 4% UK Quoted 3% Other 6%

£5-100m Fund Management ownership structure

Source: IMAS-insight

Overseas Owned 34% Privately Held 34% Widely Held 10% UK Quoted 19% Other 3%

£100m+ fund management ownership structure

Source: IMAS-insight

34% of fund management businesses that are valued between £5-100 million have parents that are

verseas.

The largest fund management groups, valued in excess of £100 million, maintain the same level of overseas control.

SLIDE 4

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

Individuals Entities

800 820 840 860 880 900 920 940 960 980 1000

Total Authorised Fund Management Entities

Source: IMAS-insight

8000 8500 9000 9500 10000 10500 11000 11500 12000

Total Approved Persons working in Fund Management

rganisations

Source: IMAS-insight

The FSA is the principal regulator in the UK, authorising fund management firms and the key individuals within these firms

There are c. 10,000 authorised individuals working within the sector, which has remained relatively stable over the last 2 years. The number of authorised firms has remained relatively constant over recent times.

SLIDE 5

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

Volume Value

M&A activity in the investment sector has been subdued, but there is a steady flow

f transactions being completed

2 4 6 8 10 12 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2012

Investment deals (Volume)

£0 £500 £1,000 £1,500 £2,000 £2,500 £3,000 £3,500 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Millions 2011 2012

Investment deal (Value)

Whilst deal volume remained robust in 2012, smaller deals were being executed, resulting in lower deal value

SLIDE 6

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

Overseas firms are the most active acquirers of UK fund management businesses

Most of these overseas buyers have already established a presence in the UK market.

Overseas Owned 46% Private 12% UK Quoted 15% Private Equity 27%

Volume of deals completed in 2011 by buyer type

Overseas Owned 27% Private 15% Partnerships 8% UK Quoted 23% Private Equity 27%

Volume of deals completed in 2012 by buyer type

Overseas buyers represent the largest buyer group in 2011 and 2012

SLIDE 7

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

IMAS & UKTI Financial services annual review 2012

The data in these slides is extracted from

ur recently released our annual review of

the UK financial services industry, sponsored by UK Trade & Investment. The review summarises the structure of the industry by activity, size and ownership and includes detailed analysis and commentary

n the M&A activity that has shaped the

industry in 2012. Further information can be found at both of the following websites: IMAS www.imas.uk.com UKTI http://www.ukti.gov.uk/investintheuk/sect

ropportunities/financialprofessionalservic

es.html

SLIDE 8

IMAS S Corpora rate te Finance Unrivalled expertise in selling financial services businesses

IMAS sector and value banding definitions

VALUE BANDING



IMAS Value Banding is an indicative sizing of the ultimate UK parent company of the group (“Group”). This is provided solely for informational purposes and does not purport to be a market-based valuation of the Group in any way.



The Value Banding is based on a number of factors including, but not limited to, IMAS’ proprietary models and assumptions (which are subject to change without notice) and publicly available information including turnover, profits, net asset value and the number of approved persons.



In certain instances, Groups may not file results with Companies House or may, as is the case with some limited liability partnerships, file results which do not necessarily reflect the underlying profitability of the enterprise. DEFINED SECTOR/ACTIVITY



UK fund management by numbers

Overview of financial services businesses (2,990 groups)

Overview of the investment sector (1,497 groups)

The UK financial services sector is dominated by investment businesses, with over 50% of the market (defined as groups with a capital value in excess of £5 million) Within the investment sector, 21% of businesses have been classified as fund managers.

Fund management is the largest activity across the whole of UK financial services

Overseas investment is key to the UK fund management sector

£5-100m Fund Management ownership structure

£100m+ fund management ownership structure

34% of fund management businesses that are valued between £5-100 million have parents that are

The largest fund management groups, valued in excess of £100 million, maintain the same level of overseas control.

Individuals Entities

Total Authorised Fund Management Entities

Total Approved Persons working in Fund Management

The FSA is the principal regulator in the UK, authorising fund management firms and the key individuals within these firms

There are c. 10,000 authorised individuals working within the sector, which has remained relatively stable over the last 2 years. The number of authorised firms has remained relatively constant over recent times.

Volume Value

M&A activity in the investment sector has been subdued, but there is a steady flow

Investment deals (Volume)

Investment deal (Value)

Whilst deal volume remained robust in 2012, smaller deals were being executed, resulting in lower deal value

Overseas firms are the most active acquirers of UK fund management businesses

Most of these overseas buyers have already established a presence in the UK market.

Volume of deals completed in 2011 by buyer type

Volume of deals completed in 2012 by buyer type

Overseas buyers represent the largest buyer group in 2011 and 2012

IMAS & UKTI Financial services annual review 2012

The data in these slides is extracted from

the UK financial services industry, sponsored by UK Trade & Investment. The review summarises the structure of the industry by activity, size and ownership and includes detailed analysis and commentary

industry in 2012. Further information can be found at both of the following websites: IMAS www.imas.uk.com UKTI http://www.ukti.gov.uk/investintheuk/sect

es.html

IMAS sector and value banding definitions

VALUE BANDING

IMAS Value Banding is an indicative sizing of the ultimate UK parent company of the group (“Group”). This is provided solely for informational purposes and does not purport to be a market-based valuation of the Group in any way.

The Value Banding is based on a number of factors including, but not limited to, IMAS’ proprietary models and assumptions (which are subject to change without notice) and publicly available information including turnover, profits, net asset value and the number of approved persons.

In certain instances, Groups may not file results with Companies House or may, as is the case with some limited liability partnerships, file results which do not necessarily reflect the underlying profitability of the enterprise. DEFINED SECTOR/ACTIVITY

IMAS Defined Sector/Activity is based on a subjective assessment by IMAS of the entity’s principal business activity.