LONDON: Brooks Macdonald Group will acquire 100% of the issued share capital of each of LIFT – ‘LIFT-Financial Group Ltd and LIFT-Invest’ for an initial consideration of £30 million payable in cash on completion and a total consideration of up to £45m, subject to financial targets. The acquisition aligns with the Group’s strategy by expanding its client…
Tag: Brooks Macdonald
Brooks Macdonald to sell Brooks Macdonald Asset Management to Canaccord for £50.85 million
LONDON: Brooks Macdonald Group plc has entered into a binding agreement with Canaccord Genuity Wealth (International) Holdings Limited to sell its wholly owned subsidiary, Brooks Macdonald Asset Management (International) Limited and its subsidiaries (BMI), for a total consideration of up to £50.85 million, including an initial consideration of £28 million payable in cash. Completion is expected by…
Brooks Macdonald to acquire Cornelian Asset Managers for £39 million
LONDON, UK: Brooks Macdonald Group has entered into a binding agreement to acquire 100% of the issued share capital of Cornelian Asset Managers Group Limited, the Edinburgh based independent wealth and asset manager from its shareholders, including senior management. The total net consideration is expected to be up to £39 million, with initial consideration being…