Shackleton secures FCA approval for Lee Equity majority investment

The deal, first unveiled earlier this year, gives Shackleton the backing to support the next phase of its expansion as it looks to grow its advice footprint and broaden its service offering. The firm said the investment will help accelerate its plans to scale its proposition amid continued consolidation across the financial planning market. Shackleton entered into a definitive agreement for a majority investment from Lee Equity Partners in June. Lee Equity succeeds Shackleton's current PE investor, Sovereign Capital Partners who first invested in Skerritts, one of Shackleton's foundin...