Fairstone receives £25m private equity investment to drive growth

The deal will see a number of early stage backers exit the firm as Synova takes the biggest shareholding in the company, alongside Northstar Ventures and Committed Capital. Fairstone said it wants to use the funds to complete more and larger buy-out deals over the short to medium term. The capital will allow it to accelerate its acquisition strategy to beat previously set targets, chief executive Lee Hartley (pictured) said. Fairstone currently has 260 financial advisers throughout the UK servicing 25,000 private clients with £5.8bn of assets. In January, it bought IFA business ...