Independent asset manager and financial adviser Frenkel Topping has announced a formal sale process in order to 'accelerate growth' and 'maximise shareholder value'.
The AIM-listed adviser said after two years of ‘considerable progress' including the launch of its specialist investment product range and discretionary fund management arm, its board felt the group could benefit from merging with a larger, strategic partner. In a statement to investors on 3 April Frenkel Topping said: "In order for the board to investigate this strategic option sufficiently with prospective partners who may be able to accelerate the growth of the business and help fulfil its considerable potential, it believes it necessary for the group to enter into a formal sale proce...
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