On May 29, 2018, Toscafund Asset Management announced that it will acquire a minority stake in Plurimi Wealth.
Under the terms of the transaction, Toscafund Asset Management LLP (“Tosca”), through Tosca Private Investments Fund (“TPIF”), will acquire a significant minority stake in Plurimi Wealth LLP (“Plurimi”). Plurimi will continue to operate under the leadership of CEO Ramzy Rasamny and other current senior executives. The transaction is subject to regulatory approval. Further terms of the transaction were not disclosed.
Tosca, established in 2000, is a multi-asset alternative investment management firm based in London that utilizes TPIF to invest in small and mid-market private equity opportunities in the European financial services sector. Tosca has $4 billion in assets under management.
Plurimi, established in 2008, is a wealth management platform based in London that caters to ultra-high net worth clients. Plurimi has $3 billion in assets under management.
To read the press release: please click here.