Lighthouse acquires IFA Godfrey Pearson

Lighthouse will pay up to £1.5m in cash and/or shares for the group over a three year period, based on performance targets for the newly-created division LighthouseGP. In addition, Lighthouse will guarantee GPL's existing banking commitments up to £400,000. David Hickey, Lighthouse executive chairman, says the deal has taken nine months from first discussions to transaction. "We like the business; it has a number of high-quality advisers with a strong client base of young professionals, such as doctors and lawyers," he says. Hickey adds Lighthouse has concluded its recent restructure,...