Chartered financial planning firm Fairstone has completed a deal with global private equity house TA Associates which sees funds advised by TA take a significant stake in the business. 

TA Associates, which has raised USD33.5 billion in capital since its inception, invests in profitable, dynamic companies around the world that demonstrate opportunities for strong sustainable growth.

Current private equity backers Synova are also reinvesting into the group whilst current funders Alcentra has also increased the scale of the acquisition facilities available to the company. The investment bankers for Fairstone were Keefe, Bruyette and Woods (KBW) and legal advisers were Proskauer Rose LLP.

TA, which has backed over 25 wealth and asset management firms worldwide, will work with Fairstone’s management team and Synova as the business embarks on an updated long-term plan to establish its position as the leader in the whole-of-market wealth advisory space.

Read more at: Private Equity Wire
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