As it is sold to a private equity vehicle managed by Skybound Capital. : Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details The transaction is a two-part deal, with a conversion of debt to equity and the sale of shares by the existing shareholders. As a result, co-chief executives John Hasberry and David Howell, along with managing director Gavin Pluck, have left the group. Financial details were not disclosed and the deal is expected to complete at the end of April 2020 – subject to final regulatory approval.