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New Deal


Announced

Completed

TA Associates completed the acquisition of a majority stake in Fairstone Group from Synova.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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insurance

Diversified Financials

retirement planning

Cross Border

Acquisition

Completed

United Kingdom

mortgage advisory

Single Bidder

financial planning

Majority

Friendly

Private Equity

Private

Synopsis

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TA Associates, a private equity firm, completed the acquisition of a majority stake in Fairstone Group, a diversified financial services provider, from Synova, a private equity firm. Financial terms were not disclosed. “I’ve been with Fairstone for almost 10 years and have seen first-hand the development of the business in that time – it has been truly impressive. I’m particularly proud that the company has delivered such an exceptional return to all our earlier stage shareholders whilst also creating very meaningful value for a large number of our colleagues. This is a deal that we believe is genuinely in the best interests of all stakeholders. That really is something special," David Hickey, Fairstone Group Chairman.

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