Phoenix exits Key Retirement Group in £208m deal
Phoenix Private Equity has sold Preston-based Key Retirement Group for £208m to funds managed and advised by Partners Group, the global private markets investment manager.
The deal, advised by Addleshaw Goddard’s private equity team in Manchester, represents a 4.5x return for Phoenix and delivered an exit for the founders of the business as well as a transition to the management which formed part of the succession plan.
The agreement will enable Key – an independent provider of specialist financial products to retirees - to... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
