Premier Miton Group has struck a deal to acquire UK equity boutique Tellworth Investments for up to £9m.
In a stock exchange notice today (1 November), the firm said the acquisition is in line with its stated inorganic strategy of buying complementary asset management platforms with industry expertise and product diversification. Founded in 2017 by Paul Marriage and John Warren, Tellworth offers long/short and long only strategies to wholesale and institutional clients. As of 30 September, the firm managed £559m in assets. Tellworth's core investment team, including co-founders Marriage and Warren, will move over to Premier Miton following the acquisition, which is expected to complete...
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