Quilter to acquire NuWealth.

Synopsis

Quilter, the FTSE-250 wealth manager, agreed to acquire NuWealth, a fintech business. Financial terms were not disclosed. This supports Quilter’s objective to enhance digital capabilities to better support customers and advisers.

Principals

target

NUWEALTH

bidder

Quilter

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Market Context

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Seller Team (2)

kane harrison

CEO at NUWEALTH

Manager

target

Deal

n/a

Total Value

michael nicholson

Head of M&A at Peel Hunt

Financial Advisor

target

Deals

£ 10.92 B

Total Value

Bidder Team (2)

steven levin

CEO at QUILTER PLC

Manager

bidder

Deal

n/a

Total Value

tim skelton-smith

Communications Director at QUILTER PLC

Manager

bidder

Deals

£ 425 M

Total Value

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