SLA sells Parmenion to private equity firm Preservation Capital Partners for £102m

£8bn AUA

Tom Ellis
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SLA sells Parmenion to private equity firm Preservation Capital Partners for £102m

Adviser platform Parmenion has been bought by private equity firm Preservation Capital Partners for £102m after being put up for sale by Standard Life Aberdeen (SLA).

It was revealed in November by SLA CEO Stephen Bird that he intended to auction off the platform business, which administrates £8bn for 2,500 advisers and 68,000 clients, and keep its other, larger adviser...

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