AssetCo completes Saracen Fund Managers acquisition
The same week it bought a majority stake in Rize ETF
The same week it bought a majority stake in Rize ETF
Improved offer from Luxembourg-based would-be acquirer failed to sway the board
Lowering threshold for initial listing to £100m ‘makes it a perfect size for an acquisition vehicle’
Deal will add £27.1bn in client assets to the group
In a bid to ‘address the attractive mass market and self-directed wealth segment’
It is ‘evaluating the most advantageous’ M&A opportunities to expand offering for wealth managers
Acquisition was first rumoured in May
Deals add 600 clients and £350m in assets under management to the group
It is ‘currently closing the first set of deals with a combined £500m in AuM’
Company hasn’t ruled out acquisitions as it lays out ambitious growth strategy
‘We reached an impasse with the US Department of Justice’
Deal offers ‘value’ to shareholders and business is a ‘good fit’ for the acquirer