Assetco acquisition spree continues with Revera Asset Management
£2.8m deal is ‘the next step in our plan to establish an active equity platform’
M&A
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£300m Brooks Macdonald bid for 7IM rebuffed
Three times what its controlling shareholder paid for it in 2015
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DFM consolidator Titan Wealth buys Cardale Asset Management
It acquired Tavistock’s £1bn multi-asset arm in June 2021
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50th M&A deal for Fairstone in 10 years
As financial planning firm’s revenue hits £100m
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Tilney private equity backer weighs up full ownership bid
Warburg Pincus made the merger with Smith & Williamson possible after regulatory concerns were raised
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M&G plots MPS expansion with London DFM buy
It plans to cut acquired firm’s fees to 0.15% per annum
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Did investment trusts deliver enough consolidation in 2021?
Over £700m in deals produced a record year, but some say more mergers need to take place
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Royal London and LV= merger talks collapse
Differing ‘mutual models’ forced the two companies to halt discussions
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Twentyfour trust urged to let investors vote on £700m merger with UK Mortgages
‘This should be abundantly clear following the missteps that occurred regarding the M&G bid for UKML in 2020’
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Assetco voices support for River and Mercantile as founding partner resigns
‘Asset management is a people business and individuals leaving and joining organisations is a regular occurrence’
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Tilney Smith & Williamson owners mulling IPO or £3bn sale
Reports suggest private equity owners are looking at options 18 months after merger
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Paper shortage cuts into Abrdn acquisition of II
Physical documents must be sent to shareholders under UK takeover rules