European private equity firm Nordic Capital is to acquire Financial Planning firm Ascot Lloyd from current owners Oaktree Capital Management for an undisclosed sum.

National advice firm Foster Denovo has secured up to £100m of funding from private equity firm Crestline Investors.

The Financial Planning market can expect to see increased interest in acquisitions from private equity firms in the first half of 2022, according to Tilney Smith & Williamson.

Private equity firm Oaktree has acquired Sanlam Wealth UK from its South African parent company for £140m.