Pollen Street Capital to buy Mattioli Woods in £423m take-private deal

34% premium to closing price

Valeria Martinez
clock • 2 min read

Private equity house Pollen Street Capital is set to acquire Mattioli Woods in a take-private deal that values the wealth manager at £423m.

The Mattioli Woods board said this morning that they had agreed to a cash offer from Tiger Bidco, a wholly-owned vehicle advised and managed by Pollen Street, and would now unanimously recommend the deal to shareholders. The proposed offer of 804p per share marks a 34% premium on the AIM-listed firm's closing share price of 600p per share on Thursday (7 March). According to Morningstar Direct, the wealth manager's share price has jumped 31% so far today in response to the news. Mattioli Woods Group currently holds over £15bn in assets under management, administration and advice, for a...

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