Tellworth Investments sale to Premier Miton receives FCA approval

Deal worth up to £9m

Premier Miton’s acquisition of Tellworth Investments has received the green light from the Financial Conduct Authority.

Premier Miton confirmed completion of the M&A deal today (31 January), with a total consideration of up to £9m. The transaction comprises an initial payment of between £3.5m and £6m - split between cash (25%) and Premier Miton shares (75%) - and an additional £3m in cash to be paid a year after completion if Tellworth's AUM surpasses £850m. Premier Miton to acquire Tellworth Investments The acquisition is set to expand Premier Miton's long/short offering and further strengthen its UK equity franchise, it explained. Tellworth will fully transition onto the Premier Miton platform in ...