PSource Capital acted as corporate finance adviser to River and Mercantile Group in respect of the offering. Canaccord Genuity and Numis Securities were joint sponsors and joint bookrunners. PSource Capital had previously acted as corporate finance adviser to Punter Southall Group in respect of the merger of River and Mercantile Asset Management with P-Solve to …
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Punter Southall Group forms strategic partnership with Argentis Financial Group
Punter Southall Group has today announced that it has taken a minority stake in Argentis Financial Group to form a strategic partnership to assist the financial planning and wealth management business to grow further. PSG Group Managing Director Kenneth McKelvey will join the board of Argentis, which will continue to operate independently under the leadership …
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River and Mercantile and P-Solve to merge, creating a diversified investment business under the River and Mercantile brand
River and Mercantile Asset Management LLP (R&M) and P-Solve Limited (PSL) announce today their agreement to merge, creating a diversified, client-led investment business. R&M is a leading equity management business, while P-Solve is an award-winning investment consultancy and solutions provider. The new business will be known as River and Mercantile Group (R&M Group). R&M Group …
Punter Southall Group signals further growth as PSigma Investment Management acquires AXA Framlington’s private client business
Psigma Investment Management (PIM) today announces the acquisition of AXA Framlington’s private client business, subject to regulatory approval [expected to be in September]. Part of the Punter Southall Group, PIM has £1.5 billion of assets under management and sees this transaction as an important milestone in its continuing growth. It is buying the private client …
Miton Group plc acquires Psigma Asset Management Holdings
Acquisition of PSigma Asset Management Holdings Limited for up to £13m, Placing and Trading Update Miton Group plc, the AIM quoted fund management group, today announces the acquisition of the entire issued share capital of PSigma Asset Management Holdings Limited, a placing of Ordinary Shares and a trading update. Acquisition of PSigma Asset Management …
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FRM enters into strategic relationship with CommEq Asset Management
FRM, Man Group plc’s (“Man”) fund of hedge fund division, has formed a strategic relationship with CommEq Asset Management (“CommEq”) which involves FRM making a seed allocation to CommEq and helping CommEq launch an institutional asset management business. CommEq seeks out previously under-explored, unstructured data sources and data streams that it believes have the potential …
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Punter Southall Health & Protection Holdings Acquires Enrich Reward To Become One Of UK’s Largest Independent Intermediaries
Punter Southall Health & Protection Holdings Limited has acquired Enrich Reward Limited (Enrich), the employee benefits consultancy based in Moorgate, London in a deal that makes it one of the largest, independent health and protection intermediaries in the UK. Punter Southall Health & Protection Holdings Limited owns Punter Southall Health & Protection Consulting Limited (PSHPC) …