UK wealth manager splashes out £143.5m on double swoop
By Robbie Lawther, 26 May 21
As it plans £110m equity fundraise to finance acquisitions
Leicester-headquartered Mattioli Woods has acquired alternative asset manager Maven Capital Partners UK and the holding company of Ludlow Wealth Management Group.
The combined price for the two deals is up to £143.5m ($203.2m, €166m).
They are in line with the group’s strategy to “accelerate growth through strategic acquisitions while enhancing organic growth opportunities; adding scale, distribution and product”, Mattioli Woods said in a stock exchange filing.
The Board of Maven Income and Growth VCT 5 PLC (the Company) confirms that, on 7 May 2021 and under its Dividend Investment Scheme (DIS), the Company issued and allotted 579,284 new ordinary shares of 10p each (Ordinary Shares) at a price of 37.37p per share which, under the Terms and Conditions of the DIS, is equivalent to the latest announced net asset value per share . As a result, and in accordance with the Financial Conduct Authority s Disclosure, Guidance and Transparency Rules, the Company confirms that its issued share capital as at 7 May 2021 comprises 177,045,809 Ordinary Shares, with each share carrying one voting right. The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required, under the Disclosure, Guidance and Transparency Rules, to notify their interest, or a change to their int
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;