Phoenix to acquire a majority stake in Redington.

Phoenix, a United Kingdom mid-market private equity firm, agreed to acquire a majority stake in Redington, a provider of framework-based, outcome-oriented investment advice. Financial terms were not disclosed. “The investment by Phoenix is a positive, natural and planned next step for the business and one which we are very excited about. We have chosen Phoenix as our partner because of its track record in backing and supporting management teams to deliver on their strategic vision,” Mitesh Sheth, Redington CEO.