Equilibrium Financial Planning gets PE-backing from Sovereign

The advisory business said its existing management team will retain a significant minority stake and continue to lead the business on a day-to-day basis. Equilibrium will retain its Handforth headquarters and branding under the terms of the investment. The investment will support a national buy-and-build programme, the business explained, using Equilibrium as the "platform to expand into new regions, while migrating future acquisitions onto Equilibrium's proven client experience, systems and operating model". Equilibrium founder and managing partner Colin Lawson said: "Our clients ...