Ascot Lloyd grows war chest to £100m after deal with US investment group

The financing deal follows a 2020 full of acquisitions for IFA after it bought 12 firms, adding more than £6.5m in EBITDA to the group. The IFA currently has 132 advisers at 15 offices across the UK and £9.5bn assets under influence. The financing comes from the credit group of Ares Management, a US-based global alternative investment manager, which also has private equity and real estate arms. Ascot Lloyd was secretive about the investment and did not disclose any specifics of the deal with the US company, only that the IFA itself now has more than £100m available to invest. Ascot...