KKR and TA Associates-backed Söderberg & Partner completed the acquisition of a minority stake in Radcliffe & Co.

KKR and TA Associates-backed Söderberg & Partners, a Swedish-founded financial services group providing wealth management and corporate insurance services, completed the acquisition of a minority stake in Radcliffe & Co, a UK-based independent financial adviser. Financial terms were not disclosed. “We have had our share of approaches from industry consolidators and other interested parties, eager to acquire our business. However, it became clear that most of these offers prioritised our revenues from assets under management, rather than preserving our independence and commitment to dedicated client relationships. Söderberg and Partners, however, offer a refreshing approach that allows us to maintain our unique identity and business model. We believe this will help address our concerns around ensuring continuity for both clients and staff in an ever-evolving financial landscape,” Neil Igglesden, Radcliffe & Co Managing Director.