Nordic Capital, a private equity firm, completed the acquisition of Ascot Lloyd, an independent financial services firm, from private equity firms Oaktree Capital and Ares Management. Financial terms were not disclosed. “Nordic Capital is delighted to be acquiring Ascot Lloyd to support its future growth. Nordic Capital has a strong track record within the Financial Services sector and, together with the Company and its high-quality team, will further develop Ascot Lloyd’s client offering and investment management proposition. Nordic Capital looks forward to working in partnership with the business to build on its success and continue the exciting trajectory it is on," Christian Frick, Nordic Capital Partner and Head of Financial Services.