Tavistock agrees £18m deal for Bath asset manager
Asset manager Alpha Beta Partners has been bought by financial services group Tavistock in a deal that could be worth up to £18m.
Bath-headquartered Alpha Beta was set up in 2017 and now has nearly £3bn of assets under management. Its focus is on retail investors served by regulated advice businesses.
There will be an initial cash payment of £6.0m, with a further £12m payable over the next five years dependent on the business's performance.
Alpha Beta's managing director Geoff Brooks said the two organisations' "strategic... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
