Canaccord acquires Eden Financial in deal worth up to £13m

The deal, subject to FSA approval, could be worth up to £12.8m, with £7.7m paid up front and a further £5.1m payable subject to performance. Private client investment management boutique Eden looks after some £835m worth of assets on behalf of 2,500 clients. Canaccord said the deal would boost Collins Stewart's assets to about £9bn. "We look forward to welcoming the clients and staff of Eden Financial to the Canaccord platform," said Alexis de Rosnay, CEO of Canaccord's UK and Europe operations. "Our expanded client base will benefit from a wider variety of investment opportunit...