Clifton Asset Management's (Clifton) deal to receive investment from private equity firm CBPE has now completed, Professional Adviser has learnt.
PA understands that the investment first announced in October last year went through on Friday 28 February after the change of control on 4 February. CBPE partnered with Clifton's management team, led by CEO Neil Greenaway who reinvested in the business alongside CBPE. The investment amount was not disclosed. Together, they aim to drive Clifton's growth through a "combination of organic development and strategic acquisitions in what remains a highly fragmented market". "There's only two ways you can finance business - it's either debt or equity," Clifton Asset Management managing d...
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