PE-backed Ascot Lloyd reports 28% bump in revenues

Its 2021 full-year results also said adjusted EBITDA at the business was £23.1m compared to £14.2m in 2020, a 63% increase. It added total funds under management stood at £9.8bn in 2021, up from £9.4bn in 2020. Ascot Lloyd was bought out by private equity house Nordic Capital in April this year. 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 s...