Advice firm Shackleton has entered into a definitive agreement for a majority investment from private equity (PE) firm Lee Equity Partners, subject to regulatory approval.
Confirmed today (17 June), Lee Equity will succeed Shackleton's current PE investor, Sovereign Capital Partners who first invested in Skerritts, one of Shackleton's founding firms, in March 2021. Since Sovereign's investment, the business has undertaken 18 acquisitions to expand its footprint across the UK. The Skerritts group rebranded to Shackleton in December 2024. Shackleton said that Lee Equity's investment will support its ambitions as it continues to "capitalise on strong organic growth momentum and opportunities arising from industry consolidation". Founded in 2006, Lee ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
