Permira In Deal For Money Manager Tilney

Feb 27 2014 | 12:10pm ET

Private-equity firm Permira has agreed to buy wealth-management business Tilney from Deutsche Asset and Wealth Management.

Permira plans to merge Tilney with Bestinvest, the investment adviser acquired by Permira last year. The combined business will have £9 billion in assets under management.

“This will propel the combined group right up to the top of the table in the U.K. market,” Bestinvest’s Jason Hollands said.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of