Intrinsic to take over Caerus adviser network

'Contracts have been exchanged'

Carmen Reichman
clock • 1 min read

Old Mutual Wealth has exchanged contracts for a takeover of adviser network Caerus via its own network Intrinsic, the company has announced.

In a note to investors this morning the company said it had made an offer for Caerus, which was accepted unanimously by the board. However, the proposed acquisition, which is expected to complete in Q2 this year, was subject to a number of conditions, including shareholder agreement and regulatory approval. More than 300 advisers are authorised through Caerus and are responsible for more than £4bn of assets under advice.  According to a person close to the matter, Old Mutual offered just more than £30m for the company, which equated to about £6.35 per share. An earlier deal with...

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 Companies

Rumoured Evelyn/RBC deal would turbocharge market share but large mergers 'notoriously complex'

Rumoured Evelyn/RBC deal would turbocharge market share but large mergers 'notoriously complex'

Sale ‘no surprise’ after Evelyn’s fund and professional services business offload

Isabel Baxter
clock 20 October 2025 • 6 min read
FSCS declares Sheffield IFA failed

FSCS declares Sheffield IFA failed

Two claims received so far against Peter Kettell

Isabel Baxter
clock 20 October 2025 • 2 min read
MKC Wealth acquires four IFA firms

MKC Wealth acquires four IFA firms

Retiring advisers hand over their businesses

Isabel Baxter
clock 15 October 2025 • 2 min read