Tilney Ltd. Explained

Tilney Investment Management Services Limited
Type:Limited
Location City:London
Location Country:UK
Location:Chesterfield Gardens
Area Served:United Kingdom
Industry:Financial services
Products:Investment Management Financial Planning
Investment Advisory
Wealth Management
Num Employees:1,000 (2017)
Subsid:Bestinvest
Homepage: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

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]

External links

Notes and References

  1. Web site: Tilney acquires Smith & Williamson for £625 million . 2022-12-08 . citywire.com.
  2. News: Reichman . Carmen . 14 June 2022 . Tilney Smith & Williamson becomes Evelyn Partners . FT Adviser .
  3. News: Tilney Bestinvest move to Liverpool ‘may see redundancies’. 6 November 2015. FT Adviser. 8 December 2022.
  4. Web site: Permira Funds to acquire Tilney. Permira.com.
  5. http://citywire.co.uk/new-model-adviser/news/tilney-to-merge-with-bestinvest-following-private-equity-buyout/a736667 Tilney to merge with Bestinvest
  6. Web site: Warburg explores full ownership of Tilney Smith & Williamson. Private banking International. 21 February 2022 .
  7. Web site: Tilney and Smith & Williamson complete merger. Smith & Williamson.
  8. Web site: At Tilney Smith & Williamson we are changing our name. Evelyn Partners.
  9. News: Tilney Smith & Williamson to be listed or sold by PE owners. Financial Times. 4 February 2022 .
  10. Web site: Tilney S&W to be sold or listed by PE owners. FT Adviser.