News

20
Apr

Tatton buys majority stake in 8AM Global Ltd

Tatton Asset Management is set to acquire a majority stake in 8AM Global Limited for up to £7m. 

Tatton will initially be purchasing 50% of the Andover-based discretionary fund manager’s shares with the opportunity to acquire the full share capital after consideration. 

The deal will make an expanded range of investments available to Tatton’s clients. 

Managing director of 8AM Global Limited, Jeremy Nunn, said: “We are delighted with the proposed sale of 50 per cent of the share capital of 8AM to Tatton Asset Management plc. The sale will allow 8AM to build on its success and provide us with access to the know-how and expertise of one of the market leaders in the MPS space.”

Tatton is aiming to increase its assets under management by £6bn within three years. The purchase of 8AM Global Limited, which has around £800m in AUM, is a significant step. 

Paul Hogarth, chief executive officer at Tatton AM, said: “The business complements our existing offering and 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.

“Post completion, this will be the second acquisition in less than a year for the group, demonstrating that we are executing on our three year “roadmap to growth” strategy.

“This year we have grown organically by £1.7bn and acquisitions to date have contributed a further £0.6bn, a total contribution of £2.3bn towards the target and on completion 8AM will further enhance this number. We look forward with confidence as we make further progress and continue to deliver against our strategic objectives.”

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