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Consolidation vehicle Perspective gets set to acquire again

25 March 2011
Written by rosalind renshaw

Perspective Financial Group, the IFA consolidation group, has raised a total of £10.6m to boost its acquisition and growth strategies.

Mosaic Private Equity, Perspective’s original equity investor, has invested £7.1m and a further acquisition facility has come from Lloyds Banking Group of £3.5m.

The funding will support Perspective’s ongoing ‘buy and build’ strategy.

To date, Perspective has purchased 20 businesses across the UK since it was established in April 2008. It expects to announce a number of further acquisitions in the second quarter of this year.

The group’s annual turnover is now over £17m.

Perspective expects to recruit new staff at both the Wilmslow head office and other locations throughout the country in order to aid its growth.

Managing director Damian Keeling said: “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 confidence in our strategy from both Mosaic and Lloyds Banking Group.”

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