RJ_Tilney_&_Co

Tilney Ltd.

Tilney Ltd.

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Tilney was a financial planning and investment firm in the UK. It acquired financial advisors, Smith & Williamson, in 2019[1] and the enlarged firm was rebranded as Evelyn Partners in 2022.[2]

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History

The firm was established as a firm of stockbrokers by Thomas Tilney in 1836.[3]

Permira agreed to buy Tilney from Deutsche Bank, in February 2014, with the ambition of creating a wealth manager with £9 billion of assets.[4] After completion of the deal in May 2014 Bestinvest and Tilney combined to create Tilney Bestinvest.[5]

Tilney acquired Smith & Williamson with backing from Warburg Pincus in 2019.[6] and the combined company was renamed Tilney Smith & Williamson in 2020.[7]

In February 2022 the merged company Tilney Smith & Williamson, owned by private equity funds Permira and Warburg Pincus, was re-branded as Evelyn Partners.[8][9][10]

References

  1. [1]
    "Tilney acquires Smith & Williamson for £625 million". citywire.com. Retrieved 2022-12-08.
  2. [2]
    Reichman, Carmen (14 June 2022). "Tilney Smith & Williamson becomes Evelyn Partners". FT Adviser.
  3. [3]
    "Tilney Bestinvest move to Liverpool 'may see redundancies'". FT Adviser. 6 November 2015. Retrieved 8 December 2022.
  4. [4]
    "Permira Funds to acquire Tilney". Permira.com.
  5. [5]
    Tilney to merge with Bestinvest
  6. [6]
    "Warburg explores full ownership of Tilney Smith & Williamson". Private banking International. 21 February 2022.
  7. [7]
    "Tilney and Smith & Williamson complete merger". Smith & Williamson.
  8. [8]
    "At Tilney Smith & Williamson we are changing our name". Evelyn Partners.
  9. [9]
    "Tilney Smith & Williamson to be listed or sold by PE owners". Financial Times. 4 February 2022.
  10. [10]
    "Tilney S&W to be sold or listed by PE owners". FT Adviser.
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