Ascot Lloyd
European PE investor buys Ascot Lloyd
It is currently owned by US firm Oaktree Capital Management, which bought Sanlam UK in 2021
IFA firm buys Scotland-based advice company
Deal adds £761m in funds under influence to the group
IFA company receives backing to fund M&A spree
Deal will ‘increase the capital available for acquisitions to over £100m’
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Insurance giant names UK chief executive, while investment firm replaces retiring CEO
Not even covid can curb M&A-hungry advice firms
But DB transfers still causing headaches as due diligence is more thorough than ever