Oaktree acquires Sanlam Wealth UK in £140m deal

New brand to be announced

James Baxter-Derrington
clock • 2 min read
Sanlam Wealth UK chief executive Jonathan Polin

Sanlam Wealth UK chief executive Jonathan Polin

Oaktree Capital Management has acquired Sanlam Wealth UK for a total consideration of £140m, subject to regulatory approval.

The deal is expected to close in the first quarter of 2022 and while Sanlam Wealth will retain its brand during a transition period, it will adopt a new brand and identity "in due course". Sanlam Wealth...

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