Private equity investor Nordic Capital has agreed to buy national advice firm Ascot Lloyd from Oaktree Capital Management.
Nordic Capital has a range of investments across the financial services, healthcare, tech and payments, and industrial and business services sectors.
The financing, for which the amount has not been disclosed, will be used to support Ascot Lloyd’s “ambitious growth strategy” and will further increase the capital available for acquisitions to over £100m.
In August last year, the company completed the acquisition of Aberdeen-based Central Investment Services, adding £761m in funds to the wider group.
Read more: Money Marketing
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