Quilter, formerly Old Mutual Wealth, has separated from parent Old Mutual Plc with an offer price of 145 pence per share, listing on the London Stock Exchange valued at £2.76bn.
Quilter chief executive Paul Feeney says: “We are delighted to be in a position to list as a standalone business and are excited by the opportunities ahead of us.”
Feeney says: “Having established leading positions across one of the largest wealth management markets in the world, and it is a structural growth market, I believe we have great momentum to build on our success and a bright future ahead.”
Earlier this month Old Mutual Plc set the the price range for Quilter shares between 125 pence and 155 pence per ordinary share. Quilter also listed on the Johannesburg Stock Exchange today.
Gunner & Co. work with Quilter Private Client Advisers on IFA acquisitions. If you would like to know more about selling your business to Quilter Private Client Advisers contact louise.jeffreys@gunnerandco.com
