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  • Industry

LCP partners buy out Alexander Forbes stake; Deal values firm at £128m

LCP partners buy out Alexander Forbes stake; Deal values firm at £128m
  • PP Online
  • 21 December 2016
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LCP's individual partners have completed a buy-out of the stake in the firm owned by pan-African financial services group Alexander Forbes since 2002.

The buy-out is financed by the individual partners' own funds alongside a minority, non-controlling investment from Inflexion Private Equity.  The transaction values the firm's equity at circa £128m.

LCP strategy director Aaron Punwani said: "The last 15 years have been a period of exceptional growth for LCP in terms of our client base, service offerings and reputation.

"The buy-out of Alexander Forbes' stake by LCP's partners is a huge vote of confidence in the firm's strategy, our clients and our people."

Punwani added: "The minority investment from Inflexion's Partnership Capital Fund will support the next chapter in LCP's growth story through Inflexion's entrepreneurial spirit, business connections and access to capital, as we continue to innovate to meet clients' ever changing needs."

Inflexion head of partnership capital David Whileman added: "We are delighted to have partnered with LCP, a highly successful and respected business in its field.  The unique flexibility of our Partnership Capital offering unlocks opportunities to invest in highly sought after businesses. In this case, investing in a high-performance professional services partnership with an enviable client base and culture of innovation."

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Eight major pension fund executives have called on prime minister Boris Johnson and the government to allow the financial sector to contribute to the UK’s decarbonisation efforts ahead of the COP26 summit in Glasgow.
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A pension benchmark for future living standards is necessary and feasible if enough attention is given to formulating an accreditation that will work for both employers and employees, the Resolution Foundation says.
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A pension benchmark for future living standards is necessary and feasible if enough attention is given to formulating an accreditation that will work for both employers and employees, the Resolution Foundation says.

  • Industry
  • 25 January 2021
UK Pensions Awards 2021: Open for entries

The UK Pensions Awards 2021 – which celebrate excellence within the pensions industry – are now open for entries.

  • Industry
  • 25 January 2021
Mark Stocker (left): Never was a man more proud of his profession
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