Tavistock acquires minority stake in financial advisory firm

News Team, 10/01/2022

Tavistock is to purchase 21 percent of the share capital of independent financial advisory group LEBC Holdings.

The wealth manager will acquire the shares in LEBC for a total cash consideration of £10 million from Marie McVitie, the widow of LEBC's founder and former chief executive, Jack McVitie. Of this, £6 million will be paid upon completion and £4 million will be paid twelve months following completion.

LEBC has three wholly owned subsidiaries, two of which are re...

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