Progeny acquires Yorkshire-based advice business J M Glendinning

Progeny said the deal will help strengthen its presence in Leeds and the wider Yorkshire area. It follows Progeny's announcement last week that private equity firm Further Global Capital Management bought a majority stake in the financial advice, investment and tax firm. The firm said last week, the investment would be used towards continuing its "established acquisition strategy" by buying "select firms that add defined and significant value for clients and shareholders". As a result of the buyout, Glendinning's clients will have access to an expanded range of services via Progeny...