Financial services group in talks to buy French private bank
Acquirer ‘aims to grow significantly’ in the wealth market
Acquirer ‘aims to grow significantly’ in the wealth market
It wants to build a national IFA company in the next three-to-five years
Rule change in early 2021 opened up the market to foreign insurers
Acquisition strategy will be ‘very carefully managed’ as firm is ‘not looking to become a consolidator’
Deal has ‘entered the next, and hopefully, final phase’
Company is at ‘exclusive due diligence stage’ for five deals
Insurer suggested a ‘three-way’ sale discussion including the US private equity acquirer
Reports that PE firm and rival mutual could split up the business after deal is finalised
Acquirer has ‘a strong pipeline of high-quality UK opportunities under negotiation’
Deal to close on 30 November 2021
A round-up of people moves and M&A deals across North America
Deals add £362m in assets under advice