Perspective gets £10.6m boost for acquisitions

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IFA consolidator Perspective Financial Group has raised £10.6m for further acquisitions as it aims to add to the 20 business it has already purchased.

Mosaic Private Equity, Perspective's original equity investor, has invested £7.1m while £3.5m has been obtained through a further acquisition facility from Lloyds Banking Group. It says the facility was secured through a specialist strategic debt solutions team at Lloyds Bank Corporate Markets in Manchester. Damian Keeling, managing director of Perspective Financial Group, says: "We are particularly pleased to have raised this finance to fund both our future acquisition strategy and an ambitious organic growth plan over the next two years. "The exercise has been a vote of confidenc...

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