17 May 2016
Fairstone Group, incorporating one of the largest Chartered Financial Planning firms in the UK, has entered into an agreement with First Financial Management (NI) Ltd under its downstream buyout model. The company, based in Lisburn, Country Antrim, has been renamed Fairstone NI. Taking place over a number of years, the deal will allow Fairstone NI to integrate with the Group’s state of the art systems and infrastructure and will allow a seamless transition for clients. In addition, in the first deal of its own ongoing partnership programme, Fairstone NI will acquire Carleton Chambers Ltd....
25 Apr 2016
Private equity Synova Capital has taken a £25m investment in IFA consolidator Fairstone Group. The deal means that Synova becomes the lead investor in Fairstone and could make further cash available in the future. The injection also means a realisation by several early stage shareholders in Fairstone all of whom, said the IFA in a statement, have received substantial returns on their primary investments. Four major existing shareholders – Committed Capital, Northstar Ventures and two family offices – have retained equity positions in Fairstone. Chief Executive of Fairstone Lee Hartley (...

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