Foster Denovo parent secures £800m in assets via internal acquisitions

Deals carried out through its practice buyout programme

Hope William-Smith
clock • 1 min read

The parents company of national advisory business Foster Denovo has completed seven internal practice acquisitions.

The deals - announced today (30 March) - bring £800m in assets under advice to Foster Denovo Group and follow its securing of £100m in funding 13 months ago. The agreement with Crestline Investors saw it take a minority stake in Foster Denovo Group last February. The seven deals completed since were achieved through practice buyouts (PBOs) across both the group's private client and corporate businesses. More than 70 advisers are now employed by the group while Crestline's investment will also be behind an external acquisition drive for Foster Denovo over the next five years. "Al...

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