Premier Miton Group has struck a deal to acquire UK equity boutique Tellworth Investments for up to £9m.
In a stock exchange notice today (1 November), the firm said the acquisition is in line with its stated inorganic strategy of buying complementary asset management platforms with industry expertise and product diversification. Founded in 2017 by Paul Marriage and John Warren, Tellworth offers long/short and long only strategies to wholesale and institutional clients. As of 30 September, the firm managed £559m in assets. Tellworth's core investment team, including co-founders Marriage and Warren, will move over to Premier Miton following the acquisition, which is expected to complete...
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