Equistone Partners buys Wealth at Work for $78.1 mln

Equistone Partners Europe has completed its 50 million pounds (US$78.1 million) acquisition of Wealth at Work. Financial terms weren’t announced. Palatine Private Equity, the seller, is retaining a minority stake. Liverpool-based Wealth at Work provides financial education, regulated advice and wealth management services designed for the workplace. Palatine, with the sale, is making a 3.5x return on its investment.

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