Quilter confirms sale of Buxton's single-strategy OMGI business for £583m

New name announced in due course

Laura Dew
Richard Buxton, fund manager and CEO at OMGI

Richard Buxton, fund manager and CEO at OMGI

Quilter, formerly Old Mutual Wealth, has completed its disposal of Richard Buxton's single-strategy Old Mutual Global Investors (OMGI) business to TA Associates for £583m.

In a stock exchange announcement today, the firm said the transaction, which was previously announced in December 2017, comprised upfront cash consideration of £576m plus £7m in deferred consideration...

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