Parmenion to acquire £1.9bn EBI Portfolios

Julia Bahr
clock • 2 min read
Parmenion to acquire £1.9bn EBI Portfolios

Platform Parmenion has bought UK-based discretionary fund manager (DFM) EBI Portfolios for an undisclosed sum. The acquisition is the first one under its new ownership. In March 2021, Parmenion was acquired by a private equity house, with Standard Life Aberdeen, now known as abrdn, announcing its £102m sale to Preservation Capital Partners. EBI manages ESG portfolios and currently has £1.9bn on 19 platforms for more than 150 advisory firms and nearly 7,000 underlying customers. The firm...

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