Martin Gilbert's AssetCo to acquire 30% of Parmenion Capital for £27.8m

Subject to regulator approval

Pedro Gonçalves
clock • 2 min read
 AssetCo chair Martin Gilbert

AssetCo chair Martin Gilbert

AssetCo has cut a deal with Preservation Capital Partners to acquire a 30% equity interest in Parmenion Capital Partners for up to £27.8m.

It has been targeted by the firm because it believes there are "significant opportunities to develop the business of Parmenion further, both organically and inorganically", including deepening its relationship with existing customers and growing its customer base, through ongoing technological innovation and by broadening its discretionary fund management and platform offerings to meet customer demand. Parmenion is an FCA registered B2B fund investment and advisory platform for the wealth and IFA sector, servicing around 1,100 adviser firms and 2,600 financial advisers. It was announced ...

To continue reading this article...

Join Investment Week

  • 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


More on Investment

Steve Windsor of Atrato Group

Look beyond traditional asset allocation for long-lasting inflation-linked returns

Supermarkets, green energy and housing

Steve Windsor
clock 15 August 2022 • 3 min read
Recession will be the main focus in Q3

How to invest in a recession

Mild recession already priced in

clock 11 August 2022 • 4 min read
All the latest from the world of ESG investing

ESG Blog: UN secretary urged governments to impose windfall tax on 'immoral' energy companies

Round-up of ESG coverage

Investment Week
clock 04 August 2022 • 1 min read