Companies
Standard Life’s 1825 buys London-based IFA Baigre Davies
Standard Life’s 1825 has announced its third acquisition in three weeks after agreeing to buy London-based IFA Baigre Davies – shortly after confirming the purchase of Scottish wealth management advice business Munro Partnership and Norwich-based Almary Green.
Just Retirement merges with rival in £1.4bn deal
British annuity providers Just Retirement and Partnership Assurance have completed a £1.4bn ($2bn, €1.8bn) merger which saw it relaunch on the London Stock Exchange Monday as JRP Group.
Julius Baer takes majority stake in Italy’s Kairos IM
Swiss private banking group Julius Baer has acquired an additional 60.1% stake in Milan-based Kairos Investment Management for €276m (£220.9m, $314.3m), taking its total ownership to 80%.
Axa finalises €189m sale of Portuguese units to Ageas
French insurance giant Axa has completed the sale of its operations in Portugal to Belgian insurer Ageas for €189m ($215m, £151m), the company has announced.
Tilney Bestinvest acquires Towry for £600m
Tilney Bestinvest has agreed to acquire Towry from private equity parent Palamon Capital Partners for £600m ($853.4m, €748.8m).