Tuesday, 26 July 2016
Last updated 7 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.