Life company and advice giant Quilter has agreed a deal with Lighthouse to buy the firm for £42.2m
The deal, which has the backing of Lighthouse's executive and top three shareholders, would see Quilter and its advice arm Intrinsic grow to more than 3,900 financial advisers. Quilter is paying £46.2m in total for Lighthouse but the advice network has £4m in excess cash on its balance sheet, so will in effect be paying £42.2m. Lighthouse is perhaps best known for its affinity services, which means it is the preferred provider of financial advice to 23 groups, including the likes of The Royal...
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