AssetCo buys 63% stake in European ETF provider
It will put aside extra funds to help the investment firm grow as well
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
It will bring around £200m in funds under management to the group
The firm is a revamped entity of troubled insurance firm Anbang
Acquirer expects ‘to announce further acquisitions later this year’
A round-up of people moves and M&A deals across North America
Newly formed business will be ‘actively pursuing an IFA consolidation strategy’
Deal is a ‘great opportunity’ and strengthens the acquirer’s presence in the region
To provide investors with ‘unique access to investment solutions previously unavailable to them’