Alpha Beta acquired by Tavistock Investments
Tavistock will also partner with The Adviser Centre, led by CIO Peter Toogood
Tavistock will also partner with The Adviser Centre, led by CIO Peter Toogood
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Some 30% of shareholders have already voted in favour of the sale to Saltus
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Revenue rose 19% to £20.6m
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Firm admits it is currently engaged in discussions with several M&A targets
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A year after rebuffing an unsolicited £15.2m takeover bid
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It acquired 21% of parent company LEBC Holdings at the start of the year
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Almost 18 months after the advice firm’s founder and CEO died
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Turnaround in advisory business performance after completion of reorganisation project
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As buyer prepares to roll out centralised investment proposition to IFAs
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‘The deal could be the start of another wave consolidation in the DFM space’
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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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