Quilter and Cheviot Asset Management Announce Merger

November 19, 2012



On November 13, 2012, Quilter & Co. Limited announced that it had signed an agreement with Cheviot Asset Management to combine their two businesses.  The transaction is to be funded by Quilter’s European private equity firm owner, Bridgepoint.

On November 13, 2012, Quilter & Co. Limited announced that it had signed an agreement with Cheviot Asset Management to combine their two businesses.  The transaction is funded by Quilter’s European private equity firm owner Bridgepoint and is subject to regulatory approval.  The combined firm will be known as Quilter Cheviot and will have approximately £12 billion in assets under management.  Quilter is a specialist in personalized investment management services for private clients, charities and trusts, pension funds, corporations and life companies with offices in the United Kingdom, Jersey and Ireland.  Cheviot is a wealth management firm with offices in London and Liverpool.  The terms of the transaction were not disclosed.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions