RBC Capital Sticks to Their Buy Rating for Close Brothers Group (CBGPF)
In a report released yesterday, Benjamin Toms from RBC Capital maintained a Buy rating on Close Brothers Group (CBGPF – Research Report), ...
UK's Close Bros sells wealth business to Oaktree in $265 million deal
Close Brothers Group has agreed to sell its wealth management unit, Close Brothers Asset Management (CBAM), to private equity ...
Reuters1d
UK's Close Bros sells wealth business to Oaktree in $265 mln deal
LONDON, Sept 19 (Reuters) - Close Brothers Group (CBRO.L), opens new tab has agreed to sell its wealth management unit, Close Brothers Asset Management (CBAM), to private equity firm Oaktree Capital ...
The TRADE2d
Oaktree to pick up Close Brothers Asset Management in £200 million deal
with the sale set to allow Close Brothers to simplify the group and focus on its core lending business. This move is set to ...
PE Hub2d
Oaktree to acquire Close Brothers Group’s wealth management unit for £200m
Oaktree Capital Management has agreed to buy Close Brothers Group’s wealth management unit Close Brothers Asset Management (CBAM) for up to £200 million ($265 million; €237 million).
Close Brothers Operating Profit Rises, Sells Wealth-Management Business for $264 Million
Close Brothers said operating pretax profit jumped in fiscal 2024, mainly on a fall in one-off charges and a increase in its loan book, and that it had sold its wealth-management business for around ...
Close Brothers to sell asset management arm as motor finance bill looms
Close Brothers' shares are down by around a third since the Financial Conduct Authority announced in January that it would ...
portfolio-adviser.com2d
Close Brothers to sell asset management branch to Oaktree
Close Brothers has agreed to sell its asset management branch to Oaktree for £200m, with the deal expected to complete early ...