Capital and Trust - August 15, 2022 - 0 minute read

Tatton Asset Management has completed its purchase of a 50% stake in investment manager 8AM Global. As part of the deal, there was also an option for Tatton to acquire a further 50% of 8AM in due course.

Back in April 2022 Tatton said it would buy 50% of the business for £7m subject to regulatory approval. The deal was approved, and it will provide Tatton’s IFAs’ clients access to an extended range of risk profiled investments utilising 8AM’s proposition.

When the deal completes, 8AM’s AUM is expected to be £800m and it is anticipated to generate adjusted profits of £700m in its first full year under Tatton’s ownership.

Paul Hogarth, Tatton’s CEO 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 see strong net inflows over the first four months of this financial year. 8AM brings with it an experienced and motivated management team who are well known to us and culturally aligned to the values of the group. We are very much looking forward to working with them.”

Tatton’s full-year results, published June 2022, revealed its AUM jumped 26% to £11bn, up from £9bn the year prior.

Net flows also increased, by 76% over the year, from £204m to £360m, as revenues grew £29.4m.

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