Tatton Asset Management is to line up new acquisition targets with funds under management (FUM) of at least £150m after it missed out on its "ambitious" bid for Architas' UK multi-manager and advisory businesses, which were eventually sold to Liontrust this summer in a deal worth up to £75m.
The firm has recently taken out a banking facility worth up to £30m to help enable its inorganic growth goals, which began in October 2019 with the £2.7m acquisition of Tenet Group subsidiary Sinfonia Asset Management. It comes off the back of a successful six months for Tatton's organic growth, with total FUM ballooning from £6.6bn in March to £8.1bn by mid-November, and operating profits up 21.9% in the six months to 30 September compared to the same time last year, the firm's half-year results show. The results showed that Tatton had pursued a potential acquisition of a business wh...
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