Mattioli Woods buys wealth manager in £6m deal

Mattioli Woods also bought the firm's subsidiary, Atkinson Bolton Consulting (ABC), which specialises in employee benefits. It said the deal was worth just under £6m, with an initial consideration of £3.24m - comprising £375,000 in cash about 900,000 new shares. A contingent deferred consideration of up to £2.75m is payable in cash over four years. ABC has total funds under management and advice of about £420m.  ABC's management team will be retained by Mattioli Woods following the acquisition, which it said, is expected to be "earnings enhancing in the first full year of ownership"....