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Financial planning firm buys UK advice company

To grow its presence in the south of England

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UK financial and professional services group Progeny has acquired Hampshire-based advice firm Coll Perkins for an undisclosed sum.

The deal will expand Progeny’s presence in the south of England.

Formed in 2011, Coll Perkins offers financial planning and advice clients to clients in the Hampshire region.

It is the latest acquisitions by Progeny, which saw US-headquartered private equity firm Further Global Capital Management acquire a majority stake late last year. The firm’s investment was intended to “power the organic and inorganic growth of the business

In addition to Coll Perkins, it has since scooped up RU Group in February and JM Glendinning Financial Services in November.

Neil Moles, chief executive of Progeny, said: “It’s a pleasure to welcome Coll Perkins to Progeny. They will bring new skills and expertise into the mix and the way they operate, engage with their clients and conduct business will ensure they fit right in.

“We are looking forward to extending our footprint in Hampshire and the south of England and to the real value that Coll Perkins will add to our proposition.”

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