Tavistock to sell two business arms to fund ‘potential future acquisitions’ and buy back shares
Some 30% of shareholders have already voted in favour of the sale to Saltus
Some 30% of shareholders have already voted in favour of the sale to Saltus
It is the ‘first significant acquisition’ in the next phase of group’s growth plan
Firm admits it is currently engaged in discussions with several M&A targets
Business sold for £3m – the same price paid for it in May 2022
A year after rebuffing an unsolicited £15.2m takeover bid
After purchasing a 21% stake in its parent company
Deal is no longer in the firm’s ‘strategic interests’
Deal adds around £500m in assets under advice
Almost 18 months after the advice firm’s founder and CEO died
As buyer prepares to roll out centralised investment proposition to IFAs
Company says it will ‘remain acquisitive’
As the two firms enter into a 10-year strategic partnership