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Announced

Preservation Capital Partners to acquire Parmenion from SLA for £102m.

Financials

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Transaction Value£102m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Majority

United Kingdom

Friendly

Domestic

Acquisition

Asset Managers and Custodians

Pending

asset management

Private Equity

Synopsis

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Preservation Capital Partners, a private equity firm specializing in the financial services sector, agreed to acquire Parmenion, an investment adviser platform, from Standard Life Aberdeen, an investment and asset management company, for £102m. “Parmenion has enjoyed strong growth in recent years, and we are delighted that Preservation Capital has recognised the potential in our business, and share our future vision. Their belief in us, our teams and what we deliver every day to advisers and their clients means there is total alignment of interests, and we are genuinely excited about our future,” Martin Jennings, Parmenion CEO.

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