Tavistock to Acquire Standard Financial Group

January 21, 2015

On January 19, 2015, Tavistock Group plc announced that it had entered into an agreement to acquire Standard Financial Group Limited, the holding company of a financial advisory business.

On January 19, 2015, Tavistock Group plc (“Tavistock”) announced that it had entered into an agreement to acquire Standard Financial Group Limited, the holding company of Financial Limited, a financial advisory business. The acquisition will generate a top ten advisory group with over 300 financial advisers across the UK. Assets under advice of the combined entities are expected to grow from the current £400 million to over £3 billion.

Tavistock has raised £2.7 million to fund the transaction through a placing and open offer of shares. The transaction is subject to regulatory and shareholder approval.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions