Page 10 - Peter Mckellar News Today

Gilbert’s AssetCo appoints head of distribution By Michael Klimes 24 Boutique investment vehicle AssetCo has announced Gary Collins will be joining as head of distribution. He was previously head of distribution at Columbia Threadneedle Investments running both the EMEA and Latin American distribution strategy and team. He joined Columbia Threadneedle in 2006 as head of UK retail/wholesale, having previously worked at Merrill Lynch Investment Management. Earlier thi...

Follow John on: Small cap movers: Immunodiagnostic Systems succumbs to agreed bid from PerkinElmer A look at some of the weeks major movers in the small-cap world including - inevitably - Hurricane Energy. An agreed takeover offer worth £110mln from PerkinElmer made Immunodiagnostic Systems Holdings PLC (LON:IDH) one of the week’s top risers. The shares rose 47% to 375p, a shade below the 382p a share offer price. The diagnostics group said that the takeover will allow it to speed up its gro...

An agreed takeover offer worth £110million from PerkinElmer made Immunodiagnostic Systems one of the weeks top risers, while Hurricane Energy shares shot up 93 per cent.

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Martin Gilbert SCOTTISH fund management heavyweight Martin Gilbert has returned to the acquisition trail by clinching a deal to buy an Edinburgh-based investments boutique. The AssetCo venture chaired by Mr Gilbert has agreed to buy employee-owned Saracen Fund Managers for £2.75 million. Mr Gilbert became a director of AssetCo in January, months after retiring from the board of Standard Life Aberdeen. Standard Life Aberdeen was formed in 2017 through the £11bn merger between Standard ...

Saracen is an FCA-regulated entity with associated authorisations Martin Gilbert AssetCo PLC (LON:ASTO) the AIM-listed vehicle of former Aberdeen Asset Management chief Martin Gilbert has acquired Edinburgh-based Saracen for £2.75mln. Saracen has five staff currently that run three funds with assets under management of around £120mln. AssetCo said there is scope to develop Saracens existing funds and market and distribute them more widely, but added that importantly it is an FCA-r...

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AssetCo strikes deal to acquire boutique firm Saracen AssetCo strikes deal to acquire boutique firm Saracen Former Aberdeen Asset Management CEO Martin Gilbert is now chairman at AssetCo. AssetCo agreed to acquire Saracen Fund Managers in a £2.75 million ($3.9 million) deal that will bring the money manager acquisition firm a Financial Conduct Authority license. The two firms announced Friday that AssetCo, which focuses primarily on acquiring, managing and operating money and wealth management...

Fund buyers expect Saracen Fund Managers revival after Assetco purchase Martin Gilbert-backed business will buy the Edinburgh-based asset manager in £2.75m deal Assetco’s acquisition of Saracen Fund Managers should help the ailing fund group realise its growth potential, given asset management dealmaker Martin Gilbert’s involvement, according to fund buyers. On Friday, Assetco, the former fire-engine leasing business chaired by Gilbert (pictured), announced it was buying Saracen in a deal ...

Gilbert’s AssetCo bids for boutique Edinburgh fund manager By Michael Klimes 14 th May 2021 8:33 am Martin Gilbert’s new investment vehicle AssetCo plc wants to acquire Saracen Fund Managers Limited (Saracen). The deal for £2.75m is subject to regulatory approval and gives some indication of AssetCo’s intentions. The former fire emergency rescue company is now an investment vehicle focused on acquisitions with arch-dealmaker Gilbert at the helm. In January the...