Tatton AM eyes further M&A in efforts to become 'true asset manager'

Annual results for the year to 31 March

Tatton Asset Management is targeting further acquisitions, with "several" potential opportunities currently under review, as the firm pursues its ambition to become a "true asset manager" through organic growth and M&A activity.

In October 2019,  the group announced its first acquisition, buying Tenet Group subsidiary Sinfonia Asset Management for up to £2.7m, which has helped boost Tatton AM assets by £135m, according to its annual results for the year to 31 March, published today (16 June). In the results, which revealed the group had seen yearly profits balloon to about £10.3m from £5.9m in the previous year, Tatton said it had "evaluated several acquisition opportunities" over the past year and was pursuing those it sees as "complementary, strategically aligned to the existing model, earnings enhancing and a...