US private equity firm is new owner of Progeny

US-based private equity firm Further Global Capital Management is to acquire a majority stake in expanding Financial Planner Progeny for an undisclosed sum, a move which may accelerate Progeny's expansion. 

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FCA gives greenlight to LV= Bain Capital deal

The Financial Conduct Authority (FCA) has given the green light for LV= to start the process for the firm to take steps towards de-mutualisation in the latest step in its sale to Bain Capital.

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Schroders to acquire River and Mercantile for £230m

Schroders has agreed to acquire the UK advisory, fiduciary management and derivatives businesses of River and Mercantile Group for approximately £230m.

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IWP acquires £85m Yorkshire Planner in virtual planning launch

Independent Wealth Planners (IWP) has acquired Acuity Wealth Management and founded a virtual advice service.

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