Mattioli Woods is set to acquire private equity business Maven and financial planning firm Ludlow Wealth Management in separate multi-million pound deals.
The wealth manager said the deals marked a significant milestone in its growth plans. Maven is a private equity investor in UK SMEs and alternative asset manager with £772m assets under management. Mattioli Woods is set to buy the firm for £100m. Ludlow Wealth Management is a large advice firm in the North West specialising in investment, financial planning and pensions with assets under advice totalling £1.6bn. Its holding company LWMG Topco will be acquired by Mattioli Woods for up to £43.5m. Mattioli Woods said the strategic acquisitions would create organic growth potential. ...
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