Private equity firm Charterhouse Capital Partners completed the acquisition of a minority stake in Lane Clark & Peacock, a professional advisory firm specialising in pensions, investment consulting and insurance, from Inflexion, a capital market company, for £300m ($401m). "Our new partnership with Charterhouse comes at an ideal time to help continue our growth as a business. Charterhouse’s established reputation for investing in people businesses and backing ambitious management teams, together with the Partners increasing our own financial commitment to the firm, is excellent news for our clients and people. These transactions consolidate LCP’s position as the leading independent, owner-managed pensions, investment and insurance consultancy in the UK and Ireland, whilst also supporting our diversification strategy in areas such as health, energy, financial wellbeing and data analytics," Aaron Punwani, LCP CEO.