Tatton eyes £150m-plus AUM acquisitions as Liontrust nabs Architas UK business

Group plots turnaround after missing out on deal

Tatton Asset Management is to line up new acquisition targets with funds under management (FUM) of at least £150m after it missed out on its "ambitious" bid for Architas' UK multi-manager and advisory businesses, which were eventually sold to Liontrust this summer in a deal worth up to £75m.

The firm has recently taken out a banking facility worth up to £30m to help enable its inorganic growth goals, which began in October 2019 with the £2.7m acquisition of Tenet Group subsidiary Sinfonia Asset Management. It comes off the back of a successful six months for Tatton's organic growth, with total FUM ballooning from £6.6bn in March to £8.1bn by mid-November, and operating profits up 21.9% in the six months to 30 September compared to the same time last year, the firm's half-year results show. The results showed that Tatton had pursued a potential acquisition of a business wh...