A London-based asset management consultancy, Alpha FMC, has been valued at £80 million (€104 million) after Dunedin, a private equity firm bought a stake from an outgoing investor.
The price that Dunedin paid was not disclosed, but the private equity firm specialises in UK mid-market investments and typically invests £20-60 million.
Baird Capital, another private equity investor, originally invested in Alpha in October 2013 when Alpha was valued at £28 million. Baird is the seller of the stake to Dunedin.
Alpha, founded in 2003, specialises in areas such as technology and mergers & acquisitions, and says its business has more than trebled in size since 2013, with profits increasing from £2.3 million to over £8 million.
Alpha has made a “significant” expansion into France and US, and has over 200 consultants in six major financial centres. The firm said it has 130 asset and wealth manager clients.
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