Tenet, the IFA Group, has bought a 20% stake in one of its own IFA members which signed up as an M&E...
Tenet, the IFA Group, has bought a 20% stake in one of its own IFA members which signed up as an M&E network member. A 20% equity investment of undisclosed value has been taken by Tenet in Ayrshire Financial Services, in what officials say is likely to be the first of several such deals with its own member firms and financial connections. Investment will be made into similar businesses in both monetary and manpower terms, says Tenet, in the hope it will increase efficiency and "dovetail with its more general initiatives regarding the financing and productivity of network members"....
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