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
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VZ Group aims to gain ‘strategic foothold’ in the UK financial advice sector
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Martin Gilbert-backed business will buy the Edinburgh-based asset manager in £2.75m deal
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‘We have come as far as we can with our current structure,’ says Shrewsbury advice business
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The £54m deal will take the Edinburgh-based investment business off RBS’ hands
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Cornerstone Asset Management has offices in Edinburgh and Glasgow and about 1,000 clients
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Firm will acquire 100% of Pole Arnold’s issued share capital for an initial consideration of £4m
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Deal adds $124bn of AUM to US adviser’s global asset manager Columbia Threadneedle
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Comes weeks after reports that Nucleus staff were unhappy with the original offer over fears of staff cuts
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Assetco has promoted former Aberdeen Asset Management boss to chairman
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‘The board does not consider that a paper-only offer made using illiquid shares … is credible or warrants further consideration’
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Would-be acquirer believes shareholders ‘deserve the opportunity to decide on the merits of any offer’
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