Pemba Capital Partners has acquired Hewison Private Wealth for $75.0 million, a transaction that transfers ownership of the Australian wealth management firm to the private equity investor. The deal, which has been completed, brings Hewison’s roughly $3 billion in funds under management under Pemba’s umbrella.
Hewison Private Wealth, an independent advisory firm operating for four decades, provides bespoke investment and financial strategies to Australian clients. Its model is built on a fee-for-service structure and a direct investment approach, with advisers holding CFP qualifications. The firm’s stated focus is on transparent, tailored advice aligned with client interests, emphasizing wealth protection and legacy planning.
Pemba Capital Partners, the acquiring entity, is a private equity firm that typically invests in established Australian businesses. This acquisition marks Pemba’s entry into the wealth management sector, a move that diversifies its portfolio beyond its historical focus on technology, healthcare, and business services. For Pemba, the purchase provides a foothold in a stable, recurring-revenue industry with long-term growth potential.
For Hewison, the acquisition offers access to Pemba’s capital and operational resources, which could support expansion of its advisory services or technology infrastructure. The firm’s independence, a core part of its identity, may be preserved under the new ownership, though strategic direction will now align with Pemba’s investment objectives. The transaction does not involve any change to Hewison’s client-facing operations or its adviser team, according to the terms of the deal.
The combined entity will operate with Hewison’s existing brand and client base, while Pemba provides financial backing and governance oversight. The acquisition is expected to close without regulatory hurdles, given the private nature of both firms. Over the coming years, the focus will likely be on maintaining client retention while exploring organic growth or complementary acquisitions in the Australian wealth market.