Key facts
- London fund manager Redwheel has hired BNP Paribas to explore a sale.
- The potential sale could value the company at over £150 million.
- Redwheel manages approximately $22 billion in assets.
- The firm posted a profit of £46.5 million in its latest accounts for 2024.
- Redwheel acquired sustainable fund manager Ecofin in 2024, adding $1.4 billion in assets.
London-based fund manager Redwheel has appointed bankers at BNP Paribas to manage a potential sale process that could value the company at over £150 million. The firm, which oversees approximately $22 billion across four equity and bond strategies, has reportedly received multiple unsolicited bids.
Founded in London in 2000, Redwheel employs around 152 people across offices in Miami, Singapore, and Copenhagen. The company reported a profit of £46.5 million in its latest accounts for 2024. Under its current CEO Tord Stallvik, Redwheel has been active in acquisitions, most recently purchasing sustainable fund manager Ecofin in 2024, which added $1.4 billion to its assets under management.
The potential sale of Redwheel occurs amid a broader trend of consolidation in the asset management sector. This trend is driven by pressures from declining fees and the increasing popularity of lower-cost passive investment strategies. Data from EY indicates that in 2025, there were 243 wealth and asset management deals in Europe, up from 223 the previous year, although the total deal value decreased from $20.9 billion to $18.5 billion. Furthermore, the number of non-European firms acquiring European targets has risen, with deal values significantly increasing.