simplybiz plans aim float or sale
UK IFA support firm SimplyBiz has appointed corporate finance advisers BDO to consider a flotation or sale of the business.
M&A Deals
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Axa buys 77 stake in Nigerian insurer
The Axa Group has bought a majority stake in Nigeria based life company, Mansard Insurance.
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FM Group merges third IFA firm
FAA Insurance Advisers is to merge into the FM Group, with the former FAA managing director Ross Pays to establish an in-house international tax planning division.
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Aviva in talks to buy Friends Life
Aviva is in talks to buy Friends Life in a deal which would make the combined group one of the largest savings and investment groups in the UK.
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Blevins Franks acquires French business
Blevins Franks has acquired Siddalls France to "accelerate its growth plans” in the country.
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Old Mutual Wealth buys Quilter Cheviot for 585m
In an effort to bulk up its offering to high net worth clients, Old Mutual Wealth has agreed to buy discretionary manager Quilter Cheviot for £585m.
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European M and A set to surge
Three quarters of European corporate executives expect M&A will increase or increase greatly, with the majority believing the worst is behind us, according to a poll by Mergermarket and CMS.
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European Wealth snaps up two wealth managers
European Wealth announced on Tuesday it has hired two new wealth managers, Nigel Gilland and David Mellett, from Gerrard Investment Management, which is owned by Barclays Wealth and Investment Management.
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standard life Investments buys Ignis for 390m
Standard Life Investments spots £50m of cost savings through Ignis purchase but areas for job cuts are not yet identified.
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standard life to bid for ignis
Standard Life has confirmed it is in “exclusive discussions” with Phoenix Group to table a bid for Ignis Asset Management.
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Asset managers to merge funds not companies
European asset managers are set to rationalise their fund ranges further, but at a corporate level a widespread M&A spree is unlikely.
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SEB Life buying ILPs intl business for 26m
Irish Life & Permanent Group Holdings is selling its international subsidiary to SEB Life for 26m.