The Financial Conduct Authority (FCA) has given the necessary regulatory approval for the £42.2m acquisition of Lighthouse Group by Quilter and its advice arm Intrinsic Financial Services.
In April, the boards of Quilter, Intrinsic and Lighthouse announced they had reached an agreement on the terms of a recommended cash offer to be made by Intrinsic for Lighthouse, with the acquisition being...
£800,000 annual fee income
Private equity-backed business
Northants and Cambs client base
First acquisition of 2021
Due diligence challenges
Completes legal process
Scepticism towards companies' commitments
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Financial wellbeing junkies