Embark raises £39m after investment trio take 40% stake in group

Money for organic growth

Hannah Godfrey
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"We’re not going to be doing any M&A in the SIPP market" - Embark Group's Phil Smith
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"We’re not going to be doing any M&A in the SIPP market" - Embark Group's Phil Smith

Investment giants BlackRock, Legg Mason and Merian Chrysalis Investment Company have taken a combined stake of nearly 40% in platform and pension provider Embark Group.

The investments have raised some £39.4m for the firm, which will be used to help to grow the business and provide resources if Embark decides to make an acquisition. Blackrock and Legg Mason each took...

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