Natwest in rumoured £3bn bid for Tilney Smith & Williamson
A week after the UK government stopped being a majority shareholder in the bank
A week after the UK government stopped being a majority shareholder in the bank
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It offloaded its UK DFM business to multi-manager Alpha Beta Partners last year
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Adding £35m in AUM and 160 clients
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Alex Barr and James Witter’s PE business absorbed less than a year after launching
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Deal values the wealth manager at £1.6bn
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Private equity acquirer also holds a 22% share in Canaccord Genuity Wealth Management UK
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FTSE 250 fund manager’s shares have tumbled over 45% since December
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Expansion is ‘testament to the growing demand’ for advice
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Richard Philbin to lead new Investment Solutions division
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TFIF board was criticised for not giving shareholders a say on the transaction
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Asset manager also unveils acquisition of Irish real estate firm
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Three private equity firms are also reportedly circling the platform
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