0330 332 7866
advise-me@fosterdenovo.com
Search
Foster Denovo lands £100mn PE funding to grow advice firm
5.04.2022Southeast financial advice firm Foster Denovo has landed a £100mn investment from US private equity firm Crestline Investors to fuel its consolidation strategy.
The investment will see the Texan investor take a minority stake in the advice firm, but Foster Denovo’s boss told FTAdviser this stake was “small” and control of the firm remained firmly with its individual shareholders.
“We wanted to protect our culture, that was a must have,” said Roger Brosch, chief executive of Foster Denovo. “Whether it’s new advisers joining or firms we’re looking to buy, ownership is a real concern for the market.”
Read the full FTAdviser article here.
You can also read the full press release and Roger’s comments in Bdaily News and the IFA Magazine.
Similar reading
Press release
Roger Brosch discusses why no one in advice benefits from social media ‘mudslinging’
22.03.2024
