Private equity house snaps up Ascot Lloyd

The transaction, subject to regulatory approval, will see the European private equity firm Nordic Capital acquire Ascot Lloyd from funds managed by Oaktree Capital Management. Ares Management Corporation also has an interest in the national adviser. Oaktree has invested in the business since 2013 and acquired Ascot Lloyd in 2017. The advisory firm has since seen considerable growth, Nordic said. Ascot Lloyd has close to £10bn in funds under influence and provides financial planning, wealth management and corporate benefit solutions to more than 20,000 core clients. It has more than 50...