REG - Tatton Asset Mgt PLC - Related Party Transaction

Tatton Asset ManagementAnnouncement

Tue 07:00

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RNS Number : 8855U  Tatton Asset Management PLC  12 August 2025

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

12 August 2025

Tatton Asset Management plc

("Tatton" or the "Company")

Related Party Transaction

 

Tatton Asset Management plc (AIM: TAM), the investment management and IFA
support services group, announces a cash commitment of up to £10 million to a
newly established vehicle Carlos Topco Limited ("Carlos"), created to support
the consolidation of UK Independent Financial Advisers. Carlos's first
acquisition, AFM Wealth Management Limited has exchanged, subject to FCA
approval.

 

The investment by Tatton will be made alongside a £100 million equity
commitment from Inflexion Private Equity Partners LLP and a £5 million equity
commitment from certain senior members of TAM's management, with each
commitment ranking pari passu. The investment comprises a mix of equity and
fixed rate instruments (with a 12% coupon) and is available to be drawn over a
five-year period.

 

Tatton's investment in Carlos reinforces the Company's commitment to
delivering continuity and quality of service for IFAs who use Tatton's MPS and
who, through their own strategic decisions, whether for growth, retirement or
succession planning, choose to become part of a larger group such as Carlos.
Tatton's aim is to provide reassurance to the IFA that should they decide to
join a larger group, there will be no disruption to their clients' investment
management services, as Tatton can remain their investment manager of choice
in Carlos.

 

Tatton's Chief Executive Officer, Paul Hogarth, has been appointed
Non-Executive Chairman of Carlos and will be contracted for up to three days
per month.

 

Chief Financial Officer, Paul Edwards, will join the Carlos board as Tatton's
representative. Paul Hogarth, Paul Edwards and Chief Investment Officer,
Lothar Mentel, will be minority shareholders in Carlos and may receive
additional equity-linked returns based on Carlos's future performance.

 

The investment constitutes a related party transaction under AIM Rule 13 of
the AIM Rules for Companies. The independent directors, being Chris Poil,
Lesley Watt and Pippa Hamnett, having consulted the Company's Nominated
Adviser, Zeus Capital Limited, consider the terms of the investment to be fair
and reasonable insofar as shareholders are concerned.

 

 

For further information please contact:

 

 Tatton Asset Management plc                                         +44 (0) 161 486 3441

 Paul Hogarth (Chief Executive
 Officer)

 Paul Edwards (Chief Financial
 Officer)

 Lothar Mentel (Chief Investment Officer)

 Zeus - Nomad and Broker                                             +44 (0) 20 3829 5000

 Martin Green (Investment Banking)

 Dan Bate (Investment Banking and QE)

 Singer Capital Markets - Joint Broker

Charles Leigh-Pemberton / Peter Steel (Investment Banking)

                                                                     +44 (0) 20 7496 3000
 Gracechurch Group - Financial PR and IR

 Heather Armstrong / Henry Gamble / Rebecca Scott                    +44 (0) 20 4582 3500

                                                                     tatton@gracechurchpr.com (mailto:tatton@gracechurchpr.com)
 Trade Media Enquiries

 Roddi Vaughan Thomas                                                +44 (0) 7469 854 011

 

+44 (0) 20 7496 3000

Gracechurch Group - Financial PR and IR

Heather Armstrong / Henry Gamble / Rebecca Scott

 

 

+44 (0) 20 4582 3500

tatton@gracechurchpr.com (mailto:tatton@gracechurchpr.com)

Trade Media Enquiries

Roddi Vaughan Thomas

 

+44 (0) 7469 854 011

 

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