Private equity backs Chartered firm Skerritts with £55m for acquisition push

The South Coast-based IFA and wealth manager, founded in 1990, has been backed by Sovereign Capital Partners, a UK private equity ‘buy and build' specialist. Sovereign is to work with the management team led by founder Richard Skerritt on its growth plans. The deal comes as Andrew Fisher, former CEO at Towry Group and Coutts, was appointed as a non-executive director. Charles Sparrow also joins as group chief financial officer. Skerritts provides financial planning and investment management services and manages £1bn for 4,000 clients. It operates out of Hove and a City of London offic...