Axa in talks to buy Thinc Destini - papers 12th July

According to The Daily Telegraph, if the deal goes ahead three directors would each pocket around £12m, as Simon Chamberlain, the chief executive, and two other directors, Neil Harkin and Gregg Taylor, each hold a stake of around 7% in the business. All three are understood to be committed to staying with the company after any sale. Thinc Destini is one of the UK's 10 largest financial advice firms and was created from the merger of Thinc Group and Destini Group last October. Before the merger the two companies had both expanded aggressively with Destini making 22 acquisitions in one 24-...