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Good morning and welcome to your Morning Briefing for Thursday 7 April, 2022. To get this in your inbox every morning click here. Adviser due diligence Platforms have been urged to do due diligence on advisers and IFA firms before buying them. Lang Cat principal Mark Polson made the call at the monthly Lang Cat
HPS Investment Partners (HPS) has taken a majority stake in Nucleus while Epiris becomes a minority shareholder.
Private equity firm HPS Investment Partners has become a majority investor in the combined platform group made up of Nucleus and James Hay, while existing private equity owner Epris will become a significant minority shareholder.
Aviva has acquired national IFA Succession Wealth for £385m in a huge deal for the life company as it targets growth and greater distribution in the market.
Aviva may look to buy more businesses following its purchase of Succession Wealth today (2 March) for £385m, Kingmakers director Rob Stevenson has said.