Canaccord Genuity to acquire Intelligent Capital
David Bremner becomes head of wealth management- Glasgow
David Bremner becomes head of wealth management- Glasgow
600 Link staff will join fellow asset servicing firm
Adjuto bought for an undisclosed sum
As it bids to reach £1bn AuM over the next few years
Peel Hunt analysts said further deals could be possible with Liontrust as ‘predator or target’
Deal for the £145.7m India Capital Growth Fund manager still requires consent from Indian regulators
FCA has granted approval for the proposed takeover
Purchase brings Progeny’s AUM to £8bn
The offer period was due to end on 25 July but was twice extended
Shareholders have until 4 August to weigh up the proposed takeover
NewGAMe had urged shareholders to hold off on supporting the takeover
Offer at a 29.1% premium to the Liontrust proposal