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."
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.