Fairstone secures 'major' private equity investment from TA Associates

The deal will see TA take a significant stake in the Chartered planning business. Terms of the transaction were not disclosed. Fairstone added current private equity backers Synova are also reinvesting into the group while current funder Alcentra has also "increased the scale of the acquisition facilities available to the company". The consolidator said its business model and downstream buyout programme would not be affected by the investment. Chief executive Lee Hartley said: "From a client perspective, our proposition and status as an independent, whole-of-market business remains...