Offshore adviser firm De Vere and Partners is in talks to acquire Inter-Alliance International and I...
Offshore adviser firm De Vere and Partners is in talks to acquire Inter-Alliance International and Inter-Alliance WorldNet.
De Vere and Partners, Inter-Alliance International and its parent company Millfield would not comment on the possible take over. But International Investment understands that the talks have been going on for a number of weeks and are at an advanced stage. Sources close to the deal say that due diligence is now being carried out.
If the acquisition is completed, it is believed that De Vere and Partners and Inter-Alliance International will be retained as separate brands for the next couple of years.
De Vere and Partners has a larger turnover than Inter-Alliance International. It currently has around 120 consultants, including in the UAE, Germany, Cyprus, Hong Kong and Japan. The takeover discussions come six months after International Investment revealed that UK intermediary group Millfield was conducting a review into the future of Inter-Alliance International and Inter-Alliance WorldNet.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till