Parmenion owners consider £400m stake sale - reports

£9.6bn AUM

Ayesha Venkataraman
clock • 2 min read

Shareholders of adviser platform Parmenion are considering selling a ‘significant stake’ that could value the firm between £300m and £400m, according to Sky News.

This comes on the heels of the platform's sale by Standard Life Aberdeen (SLA) (now known as Abrdn) to private equity firm Preservation Capital Partners for £102m in March last year. In July 2021, AssetCo, chaired by former SLA joint chief executive Martin Gilbert, acquired a 30% equity interest in Parmenion Capital for £27.8m. Preservation Capital Partners and AssetCo are said to be unlikely to sell the entirety of their stakes in Parmenion but could be persuaded by the right offer, according to Sky News' sources. In 2021, Parmenion's revenue climbed 20% following strong sales gro...

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