PE firm makes double acquisition to create UK wealth manager
Newly formed business will be ‘actively pursuing an IFA consolidation strategy’
Newly formed business will be ‘actively pursuing an IFA consolidation strategy’
Comes after major shareholder LGIM warns against private equity firms taking over supermarket chain for ‘the wrong reasons’
‘There was a clear opportunity to consolidate in order to better serve customers and create increased value’
The £150m deal makes Rathbones the third largest UK wealth manager, but did it pay over the odds?
‘The board is hopeful of being able to announce further activity in the short term’
Firm targeting AUM growth of £15bn in three years with £3bn worth of M&A deals anticipated
‘The deal could be the start of another wave consolidation in the DFM space’
Deal brings around £100m in funds under management
Wealth manager plans £110m equity fundraise to finance acquisitions
VZ Group aims to gain ‘strategic foothold’ in the UK financial advice sector
Martin Gilbert-backed business will buy the Edinburgh-based asset manager in £2.75m deal
‘We have come as far as we can with our current structure,’ says Shrewsbury advice business