Cashed-up Tavistock makes a smart acquisition

Simon Thompson: Financial services group is scaling up its asset management arm

Published on November 25, 2024

Acquisition of ABP for maximum of £18mn
Disposal of financial advisory and estate planning businesses completes
60 per cent discount to sum-of-the-parts valuation

Aim-traded financial services group Tavistock Investments (TAVI:3.95p) has announced the acquisition of ABP, a London and Bath-based asset management business with nearly £3bn assets under management.

Established in 2017, ABP has a strategic focus on retail investors, providing a range of outsourced investment propositions to directly regulated advice businesses and appointed representative networks. The company’s offering includes a Dynamic Asset Allocation process and modular proposition that provides retail and wholesale investors with institutional techniques rarely found in this market segment. The success of its outcome-oriented investment solutions has been recognised by Defaqto's 5 Star and 5 Diamond Ratings for the past five years.

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