Tatton Asset Management has acquired 8AM Global, the Andover-based model portfolio and investment service, in a deal worth £7m.
The acquisition will add £800m assets under management to Tatton’s existing books.
Under the terms of the deal, Tatton has purchased half of 8AM Global’s share capital, with the option to buy the other half in the near future.
Commenting on the acquisition, TAM chief executive Paul Hogarth, said: “I am delighted to announce the completion of the acquisition of 50% of the share capital of 8AM Global Limited, an ambitious and growing DFM MPS business.
“The business complements TAM’s existing core MPS offering which has continued to see strong net inflows over the first four months of this financial year. 8AM brings with it an experienced and motivated management team who are well known to us and culturally aligned to the values of the Group. We are very much looking forward to working with them.”
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