Wealth manager sells off Brazil operation
Deal is expected to complete in the second half of 2021
M&A Deals
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UK parliament questions LV= chairman role in demutualisation
Clients ‘are entitled to know’ if he ‘benefited from the sale to Bain Capital’
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UK financial planning firm completes third acquisition of 2021
Deal adds over £100m in funds under management
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Jersey fund drops hostile takeover bid of UK wealth manager
It ‘believes that other growth and acquisition opportunities are more compelling at this time’
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Private equity-backed consolidator withdraws advice firm bid
Would-be acquirer unable to make the company fit its model
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Poor M&A due diligence will come back to haunt advice firms
‘Smart buyers’ are starting to accurately value a business
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EFG International sells minority stake in Spanish private bank
Deal will enable ‘us to focus fully on our core’ business
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Regulator issues second rebuke of FNZ-GBST merger
Deal would ‘substantially reduce competition’ and lead to ‘higher prices or poorer service’ in UK market
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Wealth manager buys UK advice firm for £1.6m
The company’s second acquisition in a week
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UK wealth firm buys investment management business for £54m
It is the company’s first foray into Scotland
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40% of Tavistock shareholders reject Jersey fund M&A bid
Board does not see any ‘commercial logic to justify a combination of the two businesses’
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UK advice firm completes management buyout with PE investment
Funds will also help the company carry out ‘additional bolt-on acquisitions’