Broadstone’s deal with ICG secures the financial backing to maintain and accelerate its ambitious growth plans and allows management to increase its stake in the business. It brings to a successful conclusion Broadstone’s five-year relationship with the mid-market private equity investment firm, Livingbridge, and is an endorsement of the expertise of Broadstone’s people, proposition and strategic aims.
The last few years have witnessed a hugely successful period of sustained and significant expansion fuelled by an ambitious programme of both organic growth and strategic acquisition. Broadstone and 20-20 Trustees now employ over 400 professionals in eight offices across the UK. The growth cements the firm’s position as one of the most respected independent providers of pensions consulting, employee benefits consulting and pension trusteeship services in the country.
Liberty advised on the terms of the reinvestment by the continuing management and on the terms of a new equity incentive plan for the group going forward.