News blog

Arc Fund Management

  • BY: Andrew Hore |
  • POSTED: 14/05/2008 |

Arc Fund Management is buying Manchester-based Throgmorton Financial Services. 

Arc is paying £1.6m - half in shares and half in cash. Some of this payment is deferred and dependent on performance. There may be an additional £100,000 payable if the performance targets are achievable.

TFS has £85m of funds under advice. It made a profit of £130,000 on turnover of £1.33m in 2007.

This acquisition takes Arc to £500m under management/advice.

Arc shares were unchanged at 6.75p.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds