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

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.