Rathbones buys financial planning firm Saunderson House for £150m

£4.7bn FUM

Tom Ellis
clock • 2 min read
Rathbones boss Paul Stockton.
Image:

Rathbones boss Paul Stockton.

Investment firm and wealth manager Rathbones has bought South East financial planning firm Saunderson House in a £150m deal.

Buying 100% of the company's shares, Rathbones is to pay £130.2m in cash and £4.9m in new shares for the initial fee and £14.9m will be deferred. It is buying the financial planning firm from private equity...

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