Tavistock buys 21% stake in advice firm LEBC Group

Tom Ellis
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Tavistock buys 21% stake in advice firm LEBC Group

Tavistock Investments has bought a 21% stake in adviser firm LEBC Group.  The firm has bought £10m worth of shares from Marie McVitie, the widow of LEBC founder and former CEO Jack McVitie. The firm said £6m will be paid upon completion of the deal, which is subject to regulatory approval, and the remaining £4m in 12 months' time aftet the deal is completed.  The deal, Tavistock added, will give the firm right of first refusal if any of the company's other shareholders want to sell any ...