WEALTH management firm Mattioli Woods has agreed to the terms of a takeover offer from private equity investor Pollen Street Capital in a deal that values it at around £432million.
The deal will see investors in Mattioli Woods – which has an office on Queen’s Terrace in Aberdeen – receive 804p for each share they hold and return the AIM-listed business to private ownership.
The deal includes Aberdeen-founded private equity business Maven Capital Partners, which was acquired by Mattioli Woods in 2021, and has a stake in a number of North-east companies.
The firm’s directors have recommended that shareholders vote through the deal at a general meeting.
Commenting on the acquisition, Anne Gunther, non-executive chair of Mattioli Woods, said: “The Mattioli Woods board is pleased to announce its unanimous recommendation of this cash offer for Mattioli Woods, which not only delivers attractive value to shareholders in cash, allowing them to crystallise the value of their holdings, but also provides significant opportunity for clients, employees and wider stakeholders.
