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."
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.