UK investment firm Foresight Group has made an equity investment into East Anglian-based financial planner Beckett Investment Management Group.
The financial terms of the deal were not disclosed.
Founded in 1988, Becketts helps private clients and companies with independent financial and employee benefits advice.
Headquartered in Bury St Edmunds and with three other offices across the east of England, Becketts’ 80 members of staff provide advice to over 2,900 clients, managing £775m ($1.07bn, €894m) of assets across a diversified mix of investment portfolios.
The equity investment will support the management buyout from founder Bob Beckett and will provided a platform for further organic and inorganic growth under the leadership of managing director Ian White.
The deal will also help the firm look at “additional bolt-on acquisitions”.
White said: “Foresight’s investment will support the next phase of development and growth for our firm. We are a purpose-led organisation that is passionate about playing a valued role in the community that we serve, promoting financial and emotional health and wellbeing to our clients and to wider society.”