Phoenix Group has bought a minority stake in London venture capital firm Hambro Perks as the UK’s largest savings and retirement business seeks to increase access to fast-growing private companies for its customers.
The FTSE 100 company has bought a 5 per cent stake in the holding company of Hambro Perks, with the possibility to grow that stake to 10 per cent over time, executives of both groups told the Financial Times. Terms of the deal were not disclosed.
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