Tilney Ltd.
| Company type | Limited |
|---|---|
| Industry | Financial services |
| Founded | 1836 |
| Headquarters | Chesterfield Gardens, , UK |
Area served | United Kingdom |
Key people |
|
| Products | Investment Management Financial Planning Investment Advisory Wealth Management |
Number of employees | 1,000 (2017) |
| Subsidiaries | Bestinvest |
| Website | www.tilney.co.uk |
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]
History
[edit]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
[edit]- ^ "Tilney acquires Smith & Williamson for £625 million". citywire.com. Retrieved 2022-12-08.
- ^ Reichman, Carmen (14 June 2022). "Tilney Smith & Williamson becomes Evelyn Partners". FT Adviser.
- ^ "Tilney Bestinvest move to Liverpool 'may see redundancies'". FT Adviser. 6 November 2015. Retrieved 8 December 2022.
- ^ "Permira Funds to acquire Tilney". Permira.com.
- ^ Tilney to merge with Bestinvest
- ^ "Warburg explores full ownership of Tilney Smith & Williamson". Private banking International. 21 February 2022.
- ^ "Tilney and Smith & Williamson complete merger". Smith & Williamson.
- ^ "At Tilney Smith & Williamson we are changing our name". Evelyn Partners.
- ^ "Tilney Smith & Williamson to be listed or sold by PE owners". Financial Times. 4 February 2022.
- ^ "Tilney S&W to be sold or listed by PE owners". FT Adviser.