Foster Denovo secures £100m private equity backing

The deal, which completed in February, will see Crestline Investors take a minority stake in Foster Denovo as the firm continues its expansion into a larger national advice business.  Foster Denovo has undertaken a series of initial acquisitions in the form of adviser practice buy-outs (PBOs), covering four of the largest private client and corporate-focused practices operating under Foster Denovo since its inception in 2007.   The investment will fund Foster Denovo's acquisition and growth strategy, the company added. "Following a record year in 2021 with revenue growing 24% to over ...