Martin Gilbert's AssetCo acquires 30% stake in Parmenion

£27.8m deal

Jenna Brown
clock • 3 min read
Martin Gilbert's AssetCo acquires 30% stake in Parmenion
Image:

Martin Gilbert's AssetCo acquires 30% stake in Parmenion

AssetCo, chaired by former Standard Life Aberdeen joint chief executive Martin Gilbert, has acquired a 30% equity interest in Parmenion Capital for £27.8m.

The deal is worth up to £27.8m, which will be paid in cash, with a payment of £20.6m due on completion and up to £3.6m due in March 2022 and March 2023. The acquisition is subject to Financial Conduct...

To continue reading this article...

Join Professional Adviser

 

  • 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 Wrap/platforms