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New Deal


Announced

M&G to acquire a 49.9% stake in Continuum.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United Kingdom

Minority

Single Bidder

Pending

Acquisition

financial advice

Management Consulting

Friendly

Domestic

Synopsis

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M&G, a global investment manager, agreed to acquire a 49.9% stake Continuum, a provider of financial advice. Financial terms were not disclosed. "There is a growing need in the UK for consumers to be able to access financial advice services in a way that best suits their circumstances and requirements. This 'advice gap' is something we are keen to help address. Continuum has a terrific reputation in the industry and grows our capability to provide a wider range of advice services and investment solutions to more clients," David Montgomery, M&G Wealth Managing Director.

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