MGP commences capital raising roadshow
Managed Accounts Holdings Limited (MGP) is supporting the $34 million capital raising required to for the full purchase of platform and administration solutions provider Linear Financial Holdings, by conducting a national roadshow.
The financial services firm has appointed Shaw and Partners and Evans and Partners as joint lead managers for the roadshow project, as well as Veritas Securities as a co-lead for the management of raising.
MGP chairman Don Sharp said the merged entity of the firm with Linear Financial Holdings would result in funds under advice exceeding $11 billion.
“[It] will create significant operating scale and extend our suite of products and services for the independent financial advisory market,” he said.
“The proposal has the unanimous support of the Linear board.”
AUTHOR
Hope William-Smith
Recommended for you
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years.
