Rathbones CEO on Investec W&I merger: Scale crucial to beat inflation

£839m deal

clock • 2 min read

Rathbones CEO Paul Stockton has said the planned £839m merger with Investec W&I, its biggest acquisition to date, is about “recognising a need for scale in the industry”, especially to beat the impact of higher costs due to inflation.

Rathbones and Investec W&I today (4 April) announced plans to merge to create a combined discretionary wealth manager with £100bn in investor assets, under the Rathbones brand. Under the terms of the merger, which is being called a ‘combination' by the two companies, new Rathbones shares will be issued in exchange for 100% of Investec W&I UK's share capital, and implies an equity value of approximately £839m for Investec W&I UK. Investec W&I UK merges with Rathbones in £839m deal Speaking on a call following the announcement, Stockton said while part of the rationale of the deal wa...

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 Companies

Trustpilot