Mattioli Woods updates on Pollen Street Capital acquisition timeline

Deal gained regulator approval in July

Jen Frost
clock • 2 min read

Mattioli Woods has updated the timeline of its £432m sale to private equity firm Pollen Street Capital’s Tiger Bidco, first announced on 8 March 2024.

A court hearing to sanction a scheme for arrangement is set to take place on 30 August, according to a London Stock Exchange update shared by the wealth management business this morning (19 August). The last day of dealings in Mattioli Woods shares is slated for 2 September, with a suspension to kick in the following day on the effective date of the scheme. A long stop date of 7 December is expected to apply.  FCA approves Pollen Street Capital's acquisition of Mattioli Woods The timeline is subject to satisfaction of NS&I Act conditions, Mattioli Woods stated in the update. The...

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

Jupiter acquires £800m assets and investment team of boutique Origin

Jupiter acquires £800m assets and investment team of boutique Origin

Mostly institutional assets

Sorin-Andrei Dojan
clock 03 October 2024 • 1 min read
WTW takes stake in PE-backed wealth manager Atomos

WTW takes stake in PE-backed wealth manager Atomos

Backed by Oaktree Capital Management

Jenna Brown
clock 03 October 2024 • 2 min read
Dynamic Planner drops benchmark allocation to property

Dynamic Planner drops benchmark allocation to property

‘Not an investable asset class anymore’

Cristian Angeloni
clock 02 October 2024 • 2 min read
Trustpilot