Advice network The Openwork Partnership (Openwork) has received a minority investment from global private investment firm Bain Capital.
Last October, Openwork revealed at its national conference that it intended to seek a minority investor to support its growth plans. The Openwork Partners voted over 98% in favour of the proposed investment by Bain Capital on 24 October 2024. Nearly 75% of the partner shareholding voted, a record number for the advice network compared to previous partnership voting patterns. The deal remains subject to regulatory approval and is expected to complete in H1 2025. Openwork said the primary investment from Bain Capital will allow it to capitalise on its "unique market position" across...
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
