Perspective unveils £12.5m war chest for acquisitions

The IFA consolidator has already used £6m to purchase eight firms over the last 18 months but says the remainder will help finance deals for at least five other businesses. Perspective is currently in "contractual" discussions with three IFAs, it says, with deals likely to be completed before the end of October. It adds it is likely to acquire two further firms before the end of the year. The company, which also has financial backing from private equity firm Mosaic, buys firms with a view to boosting profitability by increasing recurring revenue streams. It says the group has already...