M&A Deals
UK wealth firm says it’s ‘often challenging to get deals’ done
Advice M&A market is ‘incredibly active and competitive’ with ‘principals that genuinely want to sell’
Insurance group buys Bank of East Asia life arm
Companies have also entered into a 15-year bancassurance partnership
STM Group sells Gibraltar trust business for £2.45m
Proceeds will be used to ‘fund organic growth opportunities and further support’ its M&A strategy
UK wealth manager hits back after £15.2m bid refused
Approach letter was ‘unsolicited’ and ‘non-binding’ and proposal ‘significantly undervalued’ the firm
UK wealth manager rejects £15.2m bid
Would-be acquirer believes shareholders ‘deserve the opportunity to decide on the merits of any offer’