Fairstone Group  

Fairstone adds £135mn with Cumbria IFA purchase

A month prior to that, the group bought two advice firms, East2west Financial Services in Nairn and Brantwood Financial Planning in Huddersfield, adding £250mn to its funds under management. 

Last year, the group secured investment from global private equity firm TA Associates, alongside reinvestment from Synova and increased funding from Alcentra. 

The deal saw TA Associates take a significant stake in the business although details of the agreement were not disclosed.

Fairstone said its growth strategy was “further reinforced” as a result of TA Associates.

In November last year, Fairstone bought Northern Ireland-based Fairstone NI, adding Fum in excess of £150mn.

sonia.rach@ft.com

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