A consortium of private investors, Rowan Dartington Holdings (RDH), has acquired private client stockbroker and wealth manager, Rowan Dartington, for an undisclosed sum from Astaire Group. The deal, which is subject to shareholder and regulatory approvals, is expected to close in the beginning of March 2011. Graham Coxell will become CEO, while David Burrows will remain in his position as director and COO, Sue Evans as director and Andrew Morris as managing director of signature. Corporate finance advisers, Novitas Partners, advised the team on the transaction.
Click here for the release from Business Wire.