Bringing you live news and features since 2006 

Deal-making

Wren Sterling acquires Frobisher Capital

RELATED TOPICS​

Palatine Private Equity-backed Wren Sterling has completed a deal with Corimar Holdings to purchase the assets of Frobisher Capital Ltd, an independent financial advisory business based in Woking, Surrey.

Palatine Private Equity-backed Wren Sterling has completed a deal with Corimar Holdings to purchase the assets of Frobisher Capital Ltd, an independent financial advisory business based in Woking, Surrey.The deal will add around cGBP68 million of assets to Wren Sterling’s assets under advice. The price is undisclosed.

 
Ian Halley, Wren Sterling’s CEO, says: “Frobisher Capital is a great business with a loyal client bank, so I’m delighted to welcome their clients to Wren Sterling. I know that our service will provide continuity and expertise for them and their families.

“This is our fifth acquisition and it fits with our strategy of growing the business organically whilst augmenting this approach with the purchase of businesses with high quality assets.”
 
Andy Strickland, Senior Investment Director at Palatine Private Equity, says: “This strategic acquisition will add further scale to the Wren Sterling business, which now has GBP3.6 billion worth of assets under advice. Through both strong organic growth, as well as a successful buy and build strategy, Wren Sterling has performed extremely well since our initial investment, which is testament to the great work being done by Ian and the rest of the management team.”

Latest News

BlackRock writes that May marked the highest inflow month of the year for both rates and high yield (HY) ETPs,..
SIX reported a combined 12.3 per cent trading turnover increase in CHF for its two exchanges in Switzerland and Spain..
EFAMA’s March figures reveal that UCITS and AIFs recorded net inflows of EUR24 billion, up from EUR21 billion in February...
VanEck has announced that the VanEck Semiconductor UCITS ETF has reached over USD2 billion in assets under management (AUM) after..

Related Articles

Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by