IFA hires ex-Coutts, 7IM executives as it secures £55m PE backing

News Team, 11/03/2021

Richard Skerritt, the founder of Skerritts

A Hove-based financial planning business is the latest advisory firm to attract major backing from a private equity firm.

Sovereign Capital Partners, which describes itself as a UK “buy & build specialist”, has invested £55 million into Skerritts, a South Coast IFA founded in 1990 by Richard Skerritt.

Sovereign said it was partnering with Mr Skerritt and his management team ...

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