Saturday, 31 January 2015
Last updated 18 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…