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Amber River completes deal with PE firm Stone Point Capital
['Laura Purkess']
International Adviser
UK advice consolidator Amber River has completed its deal with private equity firm Stone Point Capital, which bought the firm in February.
Amber River, which has around £13.6bn of assets under management and over 330 financial advisers, said the partnership will see funds managed by Stone Point provide capital and strategic support for Amber River to accelerate its growth plans.
Since February, Amber River has continued to acquire advice firms and has agreed deals with 11 local businesses that will be integrated into its 13 regional hubs.
Mary-Anne McIntyre, CEO at Amber River, said: “The completion of our deal with Stone Point marks an important milestone for us.
Read more: Amber River acquired by PE firm Stone Point Capital