Administration-hit IFA and DFM businesses sold
There were four formal offers for Nexus IFA and Nexus Investment Managers
There were four formal offers for Nexus IFA and Nexus Investment Managers
Deal is the company’s second acquisition in the country
‘Number of appropriate new investment targets is very limited’
Deal will create a global wealth manager with over £4trn of assets
Acquisitions have shrunk the universe, making diversification more difficult
As CEO David Lawrence tells investors to expect more of the same this year
This is the group’s sixth acquisition in the last 18 months
Company is working with an investment bank to discuss strategic options for the business
The deal is worth £4.1m
Australian investment bank are said to be advised by Morgan Stanley
With 90 M&A deals inked in 2022, a slight drop from 93 the year before
Marking its seventh deal since launch in 2021