US private equity firm gets FCA nod to buy UK wealth manager

clock • 1 min read
US private equity firm gets FCA nod to buy UK wealth manager

UK wealth management group AFH Group's acquisition by US private equity firm Cortina Bidco has been approved by the Financial Conduct Authority. AFH said in a stock exchange statement on 19 May that the UK regulator had given approval to the proposed takeover by Cortina Bidco, a newly incorporated company managed by Flexpoint Ford, but that it remained subject to sanction by the High Court. "It is expected that completion of the acquisition will occur as soon as practicable following su...

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