Mattioli Woods to acquire Amati Global Investors in £3.3m deal

Expected to complete acquisition in 2019

Wealth manager Mattioli Woods has announced the acquisition of 49% of the issued share capital of Amati Global Investors for a total consideration of £3.33m.

Mattioli Woods will acquire the company from Amati Global Partners, and has also entered into an option agreement, which entitles it to acquire the company's remaining 51% in the two years commencing 6 February 2019 for a mixture of cash and ordinary shares. If Mattioli Woods does not exercise this, then Amati is entitled to buy the former's stake back for the original consideration paid, although the sale of consideration shares will be restricted in the interim. Meet the Investment Influencers: Ben Wattam and Ian Goodchild of Mattioli Woods Amati was formed in 2010 by Paul Jourda...