Old Mutual closes in on £650m Quilter Cheviot takeover - reports

clock

Old Mutual is in advanced talks about a £650m takeover of the UK's second largest independent wealth manager Quilter Cheviot, according to Sky News.

The report said a deal was closer to being signed after Old Mutual upped its offer by about £50m. Old Mutual previously tried to buy the wealth manager, which is owned by private equity firm Bridgepoint, earlier this summer. However, Sky News reports people close to the situation said while the deal was progressing completion was not certain. Bridgepoint, the sources said, is also continuing to develop it plan list Quilter Cheviot on the stock exchange. The report said such a listing would see it move into the ranks of London’s 350 largest listed firms. Quilter Cheviot manages about £...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Electrification's second act

Darius McDermott: Electrification's second act

Electrification has become a national security question

Darius McDermott
clock 24 August 2026 • 5 min read
What advisers need to know as SpaceX fuels space investing interest

What advisers need to know as SpaceX fuels space investing interest

WisdomTree’s Mobeen Tahir unpacks the space economy theme

Professional Adviser
clock 14 August 2026 • 1 min read
How markets have developed in 2026 so far

How markets have developed in 2026 so far

'Active allocation does not mean constant trading or short-term market calls'

James Flintoft
clock 12 August 2026 • 3 min read