UK wealth manager eyeing £2bn sale
True Potential works with around 20% of UK advisers
True Potential works with around 20% of UK advisers
As wealth management consolidation continues in Asia, Hong Kong-based Mason Group said it aims to acquire asset management firms in Asia-Pacific
Wealth manager buys 11th firm in a year
The deal will add £80m to the UK firm’s existing £3.3bn in funds under management
The deal will see NN Group pay €155m
BDO Guernsey directors in management buyout
French insurance giant Axa is to sell its Dublin-based closed book life business to private equity firm Cinven in a deal worth €1.17bn (£1.1bn, $1.4bn).
Wealth manager and legal adviser Progeny Group has acquired Evolve Financial Planning in a deal that will see its assets under advice grow to more than £1bn (€1.1bn, $1.3bn).
The two private equity backers of the fintech firm FNZ, which powers the platforms for Standard Life, Aviva and Quilter, are considering selling their stakes in the company, according to media reports.
Italy’s Generali Group has agreed to sell a majority stake in Generali Leben to a German life insurance portfolio management company, in a deal that values the business at around €1bn (£882m, $1.17bn).
Johannesburg-headquartered investment manager 27Four has secured a life insurance licence after agreeing to acquire 100% of Prescient Life from its parent company Prescient Holdings.
Consolidators continue to snap up legacy books of business with Canada Life UK announcing the sale of 155,000 longstanding policies to Scottish Friendly.