The deal, for an undisclosed sum, paves the way for the retirement of CDG owner Phil Wort.

Corporate lender firm Shawbrook helped finance the deal with initial backing of £3.9m.

The funding will be used to refinance the group's existing debt and provide funding for the acquisition of CDG. Furnley House will also get additional funding for an IFA acquisition expected in the first quarter of 2023.

Furnley House, based in Leicester, also plans to use the funds to support further expansion. Furnley House employs 42 people and provides a range of options to clients including IFA services, fund management and investment research.

Furnley is looking to further expand through organic growth and acquisition.

Stefan Fura, managing director at Furnley House, said: “Our partnership with Shawbrook has been vital to support Superbia Group as it enters a new era of expansion – extending the capabilities of our offering and reach of our services.

“We look forward to working closely with the Shawbrook team as we continue our partnership in future.”

Furnley House is part of the Superbia Group and is a financial services company made up of a family of subsidiaries and brands. The companies associated with the group operate independently of each other. 

The Superbia Group was formed in 2019 and aims to become a leading provider of quality advice. The Superbia Group has approximately £450m of assets under influence.