News

12
Mar

Cabot Square Capital buys majority share in SPF Private clients

Cabot Square Capital, a London based investment provider has purchased a majority stake in SPF Private clients, the financial services arm of Savills Plc.
As part of the agreement, Cabot Square Capital has appointed two of its employees the board of SPF Private Clients.
Mark Harris, chief executive of SPF, said: “We are delighted to have Cabot on board as a shareholder in the business. We are already working on a number of exciting opportunities to develop and enhance the SPF proposition for our clients and business partners.”
Furthering conditions of the deal, Savills sold its minority stake to SPF while agreeing to a long-term financial services agreement. SPF will continue to offer services to Savills regardless.
SPF Private Clients company was founded in 1997 under the name Savills Private Finance, who changed the name due to a management buy-out in 2011.
SPF Private Clients currently provides mortgage and general insurance broking services as well as financial advice and wealth management from its six offices around the country.