Tavistock Investments seeks to fill Titan gap with new acquisitions

Closes Luxembourg fund

Tavistock Investments has sought to fill the Titan shaped hole in its business via “several” potential acquisitions.

In its half year report to 30 September, management revealed that despite a strong year of "organic growth" the company was still in a "transition period" following the sale of Tavistock Wealth to Titan. Back in the summer, Titan purchased TWL for £40m in cash, alongside a ten-year earn out deal. In the report, Oliver Cooke, Tavistock Investment chair, said the board was focused on "replacing the adjusted EBITDA contribution" that was previously generated by TWL, and said it "will be achieved through an acquisition" and that it was "well placed" to do so. Cooke detailed the cash fr...