Tavistock: Acquisitions 'key step' in strategic refocus

To be a ‘more significant’ asset manager

Isabel Baxter
clock • 2 min read

Tavistock has said that its acquisitions have been a “key step” in its refocus into a “much more significant” asset manager providing investment solutions to third party advice firms and networks, as well as to retail clients.

In its latest trading update released today (9 December) it highlighted its sale of two of its advice subsidiary businesses - Tavistock Partners (TPL) and Tavistock Estate Planning Services (TEPS) - to Saltus for a cash consideration of up to £37.75m. Tavistock said that the consideration was "substantially higher" than the market capitalisation of the company on alternative investment management (AIM) and the disposal of these businesses "affords the company an opportunity to realise a significant profit on the investment that it has made over past years in acquiring and developing thes...

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

Royal London to take over Dalmore Capital

Royal London to take over Dalmore Capital

£6bn of assets managed by Dalmore

Patrick Brusnahan
clock 22 May 2025 • 1 min read
Investec's profits surpass £1bn as group launches share buybacks

Investec's profits surpass £1bn as group launches share buybacks

Up from £964m in 2024

Beth Brearley
clock 22 May 2025 • 2 min read
Investment trusts 'well placed to spot future winners'

Investment trusts 'well placed to spot future winners'

22 trusts analysed

Patrick Brusnahan
clock 20 May 2025 • 1 min read
Trustpilot
Loading page