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Announced

Completed

Brewin Dolphin completed the acquisition of Investec's Irish wealth business for €44m.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Acquisition

asset and wealth management

Ireland

Asset Managers and Custodians

Single Bidder

Completed

Majority

asset management

wealth management

Private Equity

Synopsis

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Brewin Dolphin, an investment management and financial planning firm, completed the acquisition of Investec's Irish wealth business for €44m ($49m) in cash. Brewin Dolphin will look to raise £60m ($78m) in a share placing to help fund the deal and bolster its capital position after a string of other acquisitions over the last 12 months. "This acquisition, which is consistent with our strategy of growth in assets under management, provides us with an exciting opportunity to strengthen substantially our existing presence in the Republic of Ireland, one of Europe's fastest growing economies," David Nicol, Brewins CEO.

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