Consolidator gains new PE backing as it ramps up deal-making

News Team, 25/02/2021

Lee Hartley

Another private equity firm has taken a “significant stake” in wealth and IFA consolidator Fairstone.

Fairstone’s new backer is global PE house TA Associates, which has raised $33.5 billion since its launch. The financial terms of the backing were not disclosed.

Fairstone completed 10 deals in 2020 via its gradual “downstream buyout” model, which normally sees firms integrate over a period of two year...

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