Brewin Dolphin plans to acquire Investec’s Irish wealth firm

Brewin Dolphin has revealed that talks are underway for the acquisition of Investec’s wealth management firm, based in the Republic of Ireland, in what would be a purchase worth over £50m. Brewin Dolphin, a FTSE 250 firm, is among the largest investment management firms in the UK and had over £37bn in discretionary funds under management as of the end of 2018.
Stuart Dyer, CEO of broker firm Soprano Mergers & Acquisitions, commented: “This seems to be a potential deal that transfers the ownership of a non-core asset to the right sort of “home” and from a Brewin perspective, this seems to be another example of discretionary managers expanding controlled distribution and, at the same time, acquiring a client base that is in line with its target profile.”