Page 8 - Peter Mckellar News Today

Investegate announcements from AssetCo PLC, Acquisition of Revera Asset Management Limited

£2.8m deal is 'the next step in our plan to establish an active equity platform'

Wealth manager AssetCo will buy Revera Asset Management Limited for £2.8m subject to regulatory approval. 

AssetCo has reached an agreement with Revera Asset Management to acquire its entire issued share capital for £2.8m.

AssetCo has reached an agreement with Revera Asset Management to acquire its entire issued share capital for £2.8m.

AssetCo, the asset manager owned by investors including Martin Gilbert, has swooped to buy an Edinburgh firm in a deal worth £2.8m.

AssetCo, the asset manager owned by investors including Martin Gilbert, has swooped to buy an Edinburgh firm in a deal worth £2.8m.

AssetCo’s pre-tax profit increased more than four-fold from £3.4m to £16.1m over 12 months.

AssetCo has announced the acquisition of River and Mercantile Group’s (RMG) remaining business is a core part of the company’s strategy.

After a bumper year of acquisitions, with four firms coming fully or partly under the brand new AssetCo umbrella in the nine months since Martin Gilbert was confirmed chair, the newest kid on the asset management block has no intention of slowing down.