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Kingsbridge Holdings has sold Benson McGarvey and its Shakeit subsidiary to management for an initial £0.2m.
Kingsbridge Holdings is to acquire Benson McGarvey, the Nottingham-based financial adviser, for £13m.
Kingsbridge is to acquire Stafford Group and The Independent Financial Partnership for £12m, funded by a £19m share placing.
Kingsbridge is to acquire John Murray, the Glasgow-based financial adviser, for £3.5m.