Lonsec initiates review and search for strategic partner
The parent company of key Research house Lonsec and specialist superannuation funds researcher, SuperRatings has announced it is reviewing its future strategy and may be in the market for a strategic partner.
The company, Lonsec Fiscal Holdings (LFH), has released a statement in which it says it has appointed independent consultants to "help identify and exploit future growth opportunities and further consolidate its leading position across the financial services industry".
LFH acts as an umbrella for Lonsec Research, Lonsec Stockbroking, SuperRatings, Adviser Network and digital agency Toowards.
According to the announcement, the review process "aims to ensure LFH is best positioned to capture opportunities and accelerate the group's next phase of growth".
"One potential outcome of the review is for LFH to take on a strategic partner which would bring both capital and new business opportunities to the group." It said. "Should a compatible strategic partner be identified, one option would be for that partner to take a minority equity holding in the LFH business."
The announcement said the review would not impact on the existing core LFH businesses or its clients.
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