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Merchant Securities, the London-based stockbroker, is to be acquired by Sanlam of South Africa for £12m.
Merchant Securities has acquired GT Independent Financial Advisers, the Marlow-based wealth management firm, for an initial £2m.
Merchant Securities is to acquire Cavendish Young, the London-based independent financial adviser and wealth management company, for up to £1.3m.
Merchant Securities is to acquire John East & Partners, the London-based corporate finance firm with 11 staff, for an initial £4.9m.