Harwood to raise £10m as it eyes up more M&A
Harwood Wealth Management confirmed it intends to raise £10m through the placement of new ordinary shares to fund six future acquisitions totalling £3.1m.
M&A
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The Adviser Centre absorbs DFM platform
The Adviser Centre has acquired DISCUS, its second deal this year.
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C. Hoare sells dealing and custody business to Canaccord
London-based private bank C.Hoare & Co has decided to sell its remaining investment operations to Canaccord Genuity Wealth Management.
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Thompson and Wagstaff to resign seats in Janus Henderson board reshuffle
Henderson and Janus Capital Group have confirmed a number of new executive positions in a board reshuffle set to take effect upon completion of the merger.
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Succession founder Chamberlain dies
Succession Group founder and group chief executive Simon Chamberlain died on Friday 17 March, aged 51.
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Bob Diamond set for London comeback with swoop for Panmure Gordon
Former Barclays chief executive Bob Diamond has teamed up with a Qatari investment bank to buy one of London’s oldest stockbroking firms Panmure Gordon.
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Jupiter’s Slenderbroek confronts M&A speculation
Jupiter Investment Management chief executive Maarten Slenderbroek has pre-empted takeover rumours by stating the firm is not in the market for M&A.
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Succession completes takeovers following £25m funding
Wealth manager Succession Group has acquired IFA Chambers Group and financial planner Plan4Wealth for a total of £10m.
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Axa IM posts 35% rise in net new money
Axa Investment Managers (IM) said its 35% annual rise in net new money inflows was a testament to its “resilient” business model while setting out ambitions for further acquisitions this year.
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Old Mutual Wealth adviser arm to buy network Caerus
Old Mutual Wealth (OMW) subsidiary Intrinsic Financial Services is set to acquire financial adviser network Caerus Capital Group, bringing total adviser numbers to 3,600.
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PA ANALYSIS: What’s next after Unilever snubbed Kraft Heinz?
As Unilever chief executive Paul Polman pushed the potentially record-breaking $143bn approach by Kraft Heinz off the table on Friday (17 February), a knee-jerk media frenzy suggested that the vulture might continue to circle.
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Expect an M&A surge this year – Blackrock’s Goldman
A surge of M&A activity across UK companies will be a key theme in 2017 according to Blackrock UK equities manager David Goldman.