Permira's Bestinvest to Add On Tilney Regional Business
February 28, 2014
Permira portfolio company Bestinvest has agreed to acquire the regional businesses of Tilney in Birmingham, Edinburgh, Glasgow and Liverpool from Deutsche Bank. Tilney is a private client investment manager, with £3.5 billion ($5.8 billion) of assets managed or advised by its regional businesses. Once merged, the combined standalone wealth manager will have about £9 billion ($15 billion) in assets under management.