Global fintech firm raises $440m to pursue acquisition spree
It is ‘evaluating the most advantageous’ M&A opportunities to expand offering for wealth managers
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
It will put aside extra funds to help the investment firm grow as well
It will continue to grow organically and ‘through targeted acquisition’
It expands the company’s UK footprint in the Surrey and Hampshire regions
Acquirer will ‘continue to look for more opportunities’
It will reportedly raise £25m from investors to fund the acquisition