Jupiter is set to acquire the entirety of asset manager CCLA Investment Management for a consideration of £100 million. The deal will be funded entirely from existing balance sheet cash resources.
Matthew Beesley
The acquisition is subject to regulatory approval and is currently expected to complete before the end of the calendar year.
The move is motivated by strategic, cultural and financial perspectives and “delivering progress against multiple objectives,” according to Jupiter.
Specifically, the firm confirmed that it is a step toward Jupiter’s key strategic objective of increasing scale within the UK, as well as opening up new client channels and “providing complementary investment expertise with a high degree of cultural alignment”.
On 22 May 2025, Jupiter’s announced that it was focused on identifying further cost efficiency opportunities, with this acquisition part of the plan towards meeting the firm’s medium-term target cost:income ratio of 70%.
Matthew Beesley, chief executive of Jupiter, said: “This acquisition helps us to increase scale in our home market of the UK, where Jupiter is already a leading player, without any disruption to our existing clients. It opens up a new client segment for us, broadening our appeal to a range of charitable and religious institutions, both in the UK and internationally, while also allowing us to expand our existing presence in the UK local authority sector.
“Importantly, Jupiter and CCLA share a common set of values, and each has a client-centric culture and history of focusing on active and differentiated investment solutions.”
CCLA is the largest UK asset manager focused on non-profit organisations, it currently has more than £15 billion AUM and works on behalf of charities, religious institutions and local authorities.
Following close of the deal, the investment teams and client engagement model will be preserved, as will the CCLA brand, it has been confirmed.
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“Through this partnership, our clients will continue to receive the same market-leading client service and relentless focus on strong, sustainable investment returns,” said Peter Hugh Smith, chief executive of CCLA.
“At the same time, we will now benefit from Jupiter’s technology and operational infrastructure, its broad range of investment capabilities and extensive global distribution footprint.”