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

Private equity firm Cinven is to acquire one of the UK’s largest financial advisory firms, wealth manager True Potential.

Private equity firm EQT Fund Management has made a second approach towards an acquisition deal with Australian fintech Iress.

Three directors of Financial Planning and wealth management group AFH have resigned today as the £232m sale of the business went through.