Mattioli Woods splashes out £143.5m on double swoop
Wealth manager plans £110m equity fundraise to finance acquisitions
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
The £54m deal will take the Edinburgh-based investment business off RBS’ hands
Cornerstone Asset Management has offices in Edinburgh and Glasgow and about 1,000 clients
Firm will acquire 100% of Pole Arnold’s issued share capital for an initial consideration of £4m
Deal adds $124bn of AUM to US adviser’s global asset manager Columbia Threadneedle
Comes weeks after reports that Nucleus staff were unhappy with the original offer over fears of staff cuts
Assetco has promoted former Aberdeen Asset Management boss to chairman
‘The board does not consider that a paper-only offer made using illiquid shares … is credible or warrants further consideration’
Would-be acquirer believes shareholders ‘deserve the opportunity to decide on the merits of any offer’