Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Tavistock completes sale of wealth division at 7.2x revenue

Tavistock completes sale of wealth division at 7.2x revenue

Tue, 31 Aug 2021 | BUSINESS SALE



Tavistock has completed the £40 million sale of its asset management division Tavistock Wealth to Titan Wealth Holdings. The deal values the business at around a 7.2x multiple of its £5.5 million revenue for the year ending March 30 2020, on which it generated post-tax profits of £2.3 million.

An agreement for the deal was first announced in June 2021, at the same time that Titan Wealth Holdings was launched by private equity houses Ares Management and Maven Capital Partners and agreed a ten-year strategic partnership with Tavistock.

Titan is looking to grow to between £20-£30 billion in assets under management (AUM) through acquisitions over the next five years. Tavistock Wealth, which has around £1 billion in AUM, was announced as one of its first two acquisitions, alongside Global Prime Partners. The deal was approved by Tavistock shareholders last month and by the FCA earlier in August.

Titan’s joint CEO James Kaberry and Andrew Fearon said: "We are very pleased to have completed the acquisition of Tavistock Wealth. We value the strong relationship we have built with Tavistock and look forward to working closely with them.”

“Tavistock Wealth will be renamed Titan Asset Management. John Leiper will continue in his role as chief investment officer, overseeing a well-established team who have an excellent investment track record, and who will play a key part in the roll-out of Titan Wealth's central investment proposition that is being launched for both large and smaller IFA groups."

Tavistock CEO Brian Raven added: "We are pleased to have completed this transaction which endorses our corporate strategy. Our partnership with Titan Wealth will enable us to accelerate our growth plans and deliver maximum value to our shareholders. We also look forward to continuing to work closely with the highly successful investment team at TWL."


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Sales and Management Consultants
UK Wide

Provides face-to-face and online training courses, consultancy work and auditing of sales effectiveness. Services offered by the business allow clients to measure the performance of individuals within their organisations, which enables organisational...

Asking Price: Offers Invited
Turnover: £363,187

RELOCATABLE


Recruitment Consultancy within the IT Sector
UK Wide

Highly reputable recruitment consultancy fulfilling both permanent and contract vacancies within in the IT sector. Specialising in the IT sector the company has in-depth industry knowledge working closely with Higher Education Government and Healthca...

Asking Price: Offers Invited
Turnover: £6,250,000

Business Development Professional Services and Training Provider
South West, UK

Assists clients to improve their capability to win new business through the provision of benchmarking services, process development, consulting services support and training. Operates to ISO 9001:2015 standards. Benefits from over 50 clients, 90% of...

Asking Price: Offers Invited
Turnover: £2,925,392

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

 
23
 
Jun
 

Auto Trader completes acquisition of Autorama at nearly 16x gross profits | BUSINESS SALE

Auto Trader has completed the acquisition of new vehicle lea...

 
22
 
Jun
 

Acquisitive ESG consultancy set to be sold | BUSINESS SALE

An acquisitive environmental and sustainability consultancy ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Jun
 

Private equity firms launch acquisitive new wealth manager | BUSINESS NEWS

Private equity firms Maven Capital Partners and Ares Managem...

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
01
 
May
 

Hotel for sale in Hartlepool | COMMERCIAL PROPERTY

A hotel has been put on the market in Hartlepool, but its ow...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.