Mercia completed the acquisition of Frontier Development Capital.

Mercia, a private equity firm, completed the acquisition of Frontier Development Capital, a financial services company. Financial terms were not disclosed. “We’re delighted to be able to announce the acquisition of Frontier Development Capital, which represents an important strategic milestone for Mercia, as we drive towards our ‘20:20’ objectives. Sue Summers and her team have built an outstanding and highly regarded UK lender and the acquisition will bring complementary capital, capabilities and reach across the UK’s regions, whilst also seeing our AuM grow to c.£1.4bn," Mark Payton, Mercia Chief Executive Officer.