Announced
Completed
Financials
Tags
insurance
Diversified Financials
retirement planning
Cross Border
Acquisition
Completed
United Kingdom
mortgage advisory
Single Bidder
financial planning
Majority
Friendly
Private Equity
Private
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.