This describes a transaction or deal in which the buyers, sellers or investors do not already have either an existing business or personal relationship, or if they do have such a relationship then any commercial terms are determined by an independent provider, for example a surveyor or an accountant.
Sign up to our regular newsletter, for first-rate analysis and opinion on all matters affecting financial advisers. You can unsubscribe at any time.
You can also connect with us on social media by clicking on the icons below. We are on LinkedIn and Twitter.