Sarasin acquires ex-Abrdn duo’s boutique in private markets push
Alex Barr and James Witter’s PE business absorbed less than a year after launching
Alex Barr and James Witter’s PE business absorbed less than a year after launching
Deal values the wealth manager at £1.6bn
Private equity acquirer also holds a 22% share in Canaccord Genuity Wealth Management UK
FTSE 250 fund manager’s shares have tumbled over 45% since December
Expansion is ‘testament to the growing demand’ for advice
Richard Philbin to lead new Investment Solutions division
TFIF board was criticised for not giving shareholders a say on the transaction
Asset manager also unveils acquisition of Irish real estate firm
Three private equity firms are also reportedly circling the platform
OCF set to rise for most customers
Deal brings group AUM to £800m
It will retain its brand and continue to operate as a separately regulated advice firm