Moneygate - recently linked to Alpha to Omega (A2O) - has unveiled a three-year expansion plan after securing a capital injection from MGT Capital Investments UK.
Under the deal - the size of which is undisclosed - MGT will provide a "substantial facility" specifically for growth and acquisition projects. The investment will be used to increase Moneygate's IFA network from 75 to 750 advisers over the next four years. After securing its acquisition war-chest, North-East based Moneygate says it will shortly announce details of the "first phase of its development into one of the leading players in the IFA market". It adds the capital injection deal, completed in October, makes it "one of the most highly funded IFA businesses in the UK market." ...
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