Mattioli Woods acquires Caledonia Asset Management for £1.6m

Edinburgh-based wealth manager has £55m AUA

Pedro Gonçalves
clock • 1 min read

Mattioli Woods has acquired Edinburgh-based Caledonia Asset Management in a deal worth up to £1.6m, making this its second takeover deal in under a week.

Founded in 2000, Caledonia provides wealth management services to affluent individuals and families. It works with around 150 private clients and has £55m of assets under advice. Mattioli Woods will pay £960,000 up front for the business and a further £640,000 if performance targets are met two years after completion. Mattioli Woods restarts employee bonus payments after 'decisive action' during pandemic Ian Mattioli, chief executive of Mattioli Woods, said: "Caledonia is a great fit for us both culturally and operationally, serving a similar client base to that of our existing bus...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week