Private equity firm AnaCap completes Novia acquisition

CEO Vasilieff exiting

Tom Ellis
clock • 2 min read

Private equity firm AnaCap has completed its acquisition of adviser platform company Novia for an undisclosed fee.

On 30 June long-time Novia CEO Bill Vasilieff will be replaced in the role by Patrick Mill. He will join the firm from Wealthtime, where he has been CEO since AnaCap acquired the firm in December 2019. Mark Winlow has been appointed chairman of the board. He has held previous non-executive director roles at Ageas and Starling Bank.  AnaCap's head of private equity and partner Peter Cartwright and managing director Robert Massey will both be appointed to Novia's board. Ken Fry, Jane Dale and Dominic Easton will all also join Novia's board from AnaCap.  Dale will chair Novia's audit ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

Half of advisers worry a platform could fail in next three years

Half of advisers worry a platform could fail in next three years

Seek for reassurance about the platform market

Isabel Baxter
clock 06 December 2024 • 2 min read
P1 builds out platform to enhance report writing for advisers

P1 builds out platform to enhance report writing for advisers

The ‘investment proposal generator’ aims to streamline reporting processes

Isabel Baxter
clock 22 August 2024 • 1 min read
Adviser platform gross flows hit £20.7bn high but net flows fall

Adviser platform gross flows hit £20.7bn high but net flows fall

Outflows reduced advised net flows to just £2.8bn, Fundscape finds

Isabel Baxter
clock 22 August 2024 • 3 min read