Investment manager

Tatton completes 50% stake in investment manager

Tatton Asset Management has completed its purchase of a 50% stake in investment manager 8AM Global.

In April 2022 Tatton announced that he would buy 50% of the business for £7 million subject to regulatory approval.

The deal has been approved and will provide Tatton’s IFA clients with access to an expanded range of risk-profile investments using the 8AM proposal.

As part of the deal, there was also an option for Tatton to acquire an additional 50% of 8am in due course.

There is no indication in today’s (August 15) statement when and if that will happen.

An application has been filed for the newly issued shares to be admitted to trading on AIM, and the admission is expected to take place on August 17, 2022.

After admission, the issued share capital of the company will consist of 59,842,624 ordinary shares.

Tatton CEO Paul Hogarth said, “I am delighted to announce the completion of the acquisition of 50% of the share capital of 8AM Global Limited, an ambitious and growing DFM MPS business.

“The business complements TAM’s existing core MPS offering, which has continued to generate strong net inflows in the first four months of this fiscal year. 8AM surrounds itself with an experienced and motivated management team, well known to us and culturally aligned with the values ​​of the group. We are very much looking forward to working with them.

In November 2021, Tatton said Money Marketing it will continue to “build a pipeline” of M&A activity, based on a solid set of half-year results.