Equiniti Group has agreed to sell the EQi direct-to-consumer (D2C) customer business of Equiniti Financial Services to interactive investor (ii) in a deal worth up to £49m.
The deal, anticipated to complete in the summer following a customer migration exercise, comprises £48m payable in cash at completion and up to a further £1m contingent on the timing of migrating all customers...
D2C growth particularly strong
PA's Good News Bulletin
Canaccord Genuity is acquiring the wealth management business of private bank Adam & Co from Royal Bank of Scotland in a £54m deal.
'Lower than ever reward'