iimia Miton to merge with Midas in £100m deal

iimia Miton Optimal is planning to merge with Midas Capital Partners in a deal valued at £100m, just...

iimia Miton Optimal is planning to merge with Midas Capital Partners in a deal valued at £100m, just days after Miton completed its takeover of iimia. The newly formed Aim-listed company will retain the Midas branding and headquarter its asset management arm in Midas' Liverpool office. Once the merger is complete, the expanded group could potentially have three of its own funds competing against each other in the Cautious and Balanced Managed sectors. But iimia Miton's Sam Liddle said the group did not see the overlap as a problem. "People are obsessed with this issue - each fund is...