Close Brothers acquires Surrey-based IFA with £300m AUM
PMN Financial acquisition allows CBAM access to high net-worth family clients in Surrey and Hampshire
M&A
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PE firm makes double acquisition to create UK wealth manager
Newly formed business will be ‘actively pursuing an IFA consolidation strategy’
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Private equity managers defend sector following backlash from Morrisons buyout
Comes after major shareholder LGIM warns against private equity firms taking over supermarket chain for ‘the wrong reasons’
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Private equity firm completes £232m acquisition of AFH
‘There was a clear opportunity to consolidate in order to better serve customers and create increased value’
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How does Rathbones’ acquisition of Saunderson House stack up?
The £150m deal makes Rathbones the third largest UK wealth manager, but did it pay over the odds?
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Martin Gilbert eyes acquisitions after £31m windfall from Grant Thornton litigation
‘The board is hopeful of being able to announce further activity in the short term’
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Tatton AM sees assets smash £9bn as profits slide
Firm targeting AUM growth of £15bn in three years with £3bn worth of M&A deals anticipated
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PE-backed consolidator snaps up Tavistock’s £1bn multi-asset arm
‘The deal could be the start of another wave consolidation in the DFM space’
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Fairstone inks fourth M&A deal of 2021
Deal brings around £100m in funds under management
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Mattioli Woods splashes out £143.5m on double swoop
Wealth manager plans £110m equity fundraise to finance acquisitions
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Swiss firm targets UK expansion with 50% stake in Lumin Wealth
VZ Group aims to gain ‘strategic foothold’ in the UK financial advice sector
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Fund buyers expect Saracen Fund Managers revival after Assetco purchase
Martin Gilbert-backed business will buy the Edinburgh-based asset manager in £2.75m deal