Aston Scott and Lark Group to merge
Bowmark Capital largest shareholder as new company is set up to buy both brokers.
Aston Scott and Lark Group have reached an agreement to merge.
According to Aston Scott, a new company is being formed to buy the entire share capital of both brokers, with mid-market private equity group Bowmark Capital being the largest shareholder.
Bowmark Capital was the backer of Blanc’s buyout of Aston Scott in May 2015.
The combined business will employ 600 staff across 18 offices and is set to generate revenues of over £50m per year.
Management
The terms of the deal are undisclosed
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