EquitiLink sold to Aberdeen
It is understood fund manager Equitilink is about to announce the sale of the business to Aberdeen Asset Management.
It is understood fund manager Equitilink is about to announce the sale of the business to Aberdeen Asset Management.
According to sources close to the deal, Aberdeen will make its first acquisition in Australia with EquitiLink after making a number of other deals in the UK over the past year.
Joint managing directors Brian Sherman and Laurence Freedman have been considering putting the business up for sale since at least August this year. At the time, the group said three groups were interested in the business, two of which were international.
At this time, the two were considering a sale price of $150 million, according to an article in the Australian Financial Review.
AUTHOR
Nicole Szollos
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