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.