Brooks Macdonald buys Edinburgh wealth manager

Brooks Macdonald buys Edinburgh wealth manager

Brooks Macdonald Group has entered into an agreement to acquire 100% of the issued share capital of Edinburgh-based independent wealth and asset manager Cornelian Asset Managers Group, Brooks Macdonald separately announced this morning an equity placing to raise gross proceeds of approximately £30m which will be used to fund the cash element of the acquisition. Cornelian has funds under management of a round £1.4bn, managed on a discretionary basis, driven principally by it's multi-asset f...

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