M&A Deals
Phoenix Group acquires UK life insurer for £248m
Deal adds around £10bn in assets under administration
M&G acquires IFA firm
Deal adds £1.5bn in assets under influence and over 12,000 clients
PE company snaps up majority stake in UK wealth manager
This follows the private equity firm’s investment in platform Parmenion in 2021
Allfunds buys London-headquartered ESG platform
Acquired firm creates multi-asset and multi-manager portfolios
Saudi conglomerate invests £233m in UK life insurer
Shortly after it bought a 6.8% stake in M&G