Update: Canaccord Genuity completes £28m Thomas Miller WM acquisition

Deal announced in March

Anna Fedorova
clock • 1 min read

Canaccord Genuity hashas completed its acquisition of Thomas Miller Wealth Management through its UK and European wealth arm, Canaccord Genuity Wealth Management, for a total of £28m.

The first £18.5m is payable on completion, while another £9.5m is payable over a period of three years following the deal subject to achievement of performance targets, the firm said at the time the deal was announced. The acquisition, which is being made through Canaccord Genuity Wealth Management (CGWM), will include the UK and Isle of Man-based wealth businesses of Thomas Miller Investments, with total combined assets of £1bn. Together, the businesses have generated revenue of £8.4m in 2018. The deal is expected to complete during the quarter ending 30 June. Commenting on the ac...

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