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

Subject to regulator approval

Pedro Gonçalves
clock • 2 min read

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 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
member?

Login

More on Investment

Partner Insight: Navigating a new era for investing

Partner Insight: Navigating a new era for investing

Across the developed world, inflation is back and here to stay, says Wellington Management’s John Butler.

Sarka Halas
clock 13 March 2024 • 2 min read
Partner Insight: Should investors go global for more impact?

Partner Insight: Should investors go global for more impact?

Global investing offers scope for broader social impact as well as financial returns.

Sarka Halas
clock 11 March 2024 • 1 min read
Women in Investment Awards winner interview: Omotunde Lawal from Barings

Women in Investment Awards winner interview: Omotunde Lawal from Barings

Supporting the next generation

Katrina Lloyd
clock 07 March 2024 • 1 min read
Trustpilot