Synova-backed Fairstone acquires Chiltern House

Chiltern was part of the downstream buyout program (DBO), which integrates firms with Fairstone during a two-year period prior to the final acquisition. The company saw an 18% increase in profits and 8% growth in revenues over the last year as part of the DBO acquisition programme, according to a statement.

Fairstone's most recent acquisition through the programme was Mantle Financial Planning in July 2020.

Synova committed £25m to the development of Fairstone in 2016, drawing equity from its Synova III vehicle, which closed on £250m in January of that year. The fund has yet to make a realisation.

Company
Based in Bracknell, Berkshire, Chiltern House is a financial adviser specialising in the management of investment and retirement portfolios. The acquisition brings an additional 500 clients into the group with Chiltern's four advisers and seven support staff. The company has funds under management of almost £400m.

People
Fairstone – Lee Hartley (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Financials
• United Kingdom
• Synova Capital
• Build-up
• Buy-and-build