Tatton AM buys Tenet subsidiary in first acquisition

£2.7m

Tom Ellis
clock • 2 min read

Tatton Asset Management has announced its first acquisition, buying Sinfonia Asset Management (SAM), a wholly owned subsidiary of the Tenet Group, for up to £2.7m.

The acquisition is part of the group's strategy to grow assets under management, with SAM identified as a business offering a "good strategic fit". It brings with it five risk-targeted funds with a total AUM of £135m, which the group believes will compliment its existing fund range and extend the offering available to its clients. The purchase will be made using existing cash resources, with £2m of the total sum payable on completion and the remaining balance payable against specific AUM targets in two equal instalments at the end of the first and second year after completion. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Quilter CEO warns of revenues and profitability 'headwind'

Quilter CEO warns of revenues and profitability 'headwind'

Latest to report April assets slide amid tariffs volatility

Jen Frost
clock 23 April 2025 • 3 min read
Söderberg & Partners adds further IFA investments

Söderberg & Partners adds further IFA investments

‘No shortage’ of high-quality advice firms, CEO Rentzhog says

Isabel Baxter
clock 16 April 2025 • 3 min read
Aviva £450m preference shares cancellation gets shareholder green light

Aviva £450m preference shares cancellation gets shareholder green light

Court hearing set for May

Jen Frost
clock 15 April 2025 • 2 min read