Daniel Baade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

‘We have seen an unprecedented influx of new private equity capital into the industry’

'I would estimate at least 50% of deals are not released to the press'

'At least 50% of deals are not released to the press'

FCA Spac changes to have ‘significant impact’ on UK advice M&A Lowering threshold for initial listing to £100m ‘makes it a perfect size for an acquisition vehicle’ Looser regulatory restrictions around special purpose acquisition companies (Spacs) could have a “significant impact” on the UK financial advice market as investors look for alternative routes to tap into rampant consolidation in the space. A Spac is a corporation formed for the sole purpose of raising investment capital through an initial public offering (IPO). When the Spac raises the required funds through an IPO, ...

It aims to double in size and complete up to four deals within the next 12 months Birmingham-based IFA consolidator Elevation Financial Group (EFG) has completed a debt raise to fund an “extensive acquisition programme”. The total sum of the debt raise was not disclosed. Tony Smith, group managing director at EFG, said: “This is a hugely exciting moment for EFG. “The debt raise will allow us to acquire up to four businesses in 2021 and roughly double our size within a short period of time.” IA contacted EFG to ask for additional details but did not receive a comment in time for publ...