Quilter sells international business for £483m

Simplifies structure

Jenna Brown
clock • 1 min read

Quilter has sold its international business to Utmost Group for £483m following a strategic review.

The firm said the sale would simplify Quilter and focus its attention on its higher growth UK wealth management business. The deal is due to complete towards the end of the year if shareholders approve the move. The total £483m is inclusive of a 5% interest charge on the base consideration of £460m from 1 January 2021. Quilter International will become a part of Utmost International, an international life assurance business operated by Utmost Group. Quilter chief executive Paul Feeney said: "[The sale] allows us to focus on accelerating our growth and efficiency plans as well as fu...

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

Carlyle acquires Intelliflo from Invesco for £148.6m

Carlyle acquires Intelliflo from Invesco for £148.6m

Purchased confirmed after reportedly coming out on top in a bidding war race

Isabel Baxter
clock 26 August 2025 • 2 min read
Aegon's adviser platform sees improved net outflows of £1.4bn

Aegon's adviser platform sees improved net outflows of £1.4bn

Provider aims to return adviser platform to growth by 2028

Isabel Baxter
clock 21 August 2025 • 3 min read
Benchmark pushes cash solutions for advisers with Insignis partnership

Benchmark pushes cash solutions for advisers with Insignis partnership

Insignis is a London-based cash management platform

Isabel Baxter
clock 21 August 2025 • 2 min read