Guildford, Surrey-based Premier Asset Management Group and London-based Miton Group plc., two AIM-listed investment management firms have agreed to merge to create a combined firm with around £11.5 billion of funds under management.
The all-share merger, which will be implemented by means of a court-sanctioned scheme of arrangement, will result in Premier shareholders owning 67 percent of equity of the combined company, which will be called Premier Miton Group, with Miton shareholders owning the remainder.
The two constituents claim that the merger will generate a number of benefits, not least enhanced distribution opp...