Alpha Growth Completes The Acquisition Of Old Mutual International (Guernsey)
Alpha Growth Completes The Acquisition Of Old Mutual International (Guernsey). London based financial advisory company Alpha Growth has announced that it has completed the acquisition of Old Mutual International (Guernsey), a subsidiary of Old Mutual. The company took to LinkedIn to make the announcement.
The post read, “We are very pleased to announce that we have now completed the acquisition of Old Mutual International (Guernsey) Ltd, a Guernsey based insurance company – this immediately adds an additional $275m of AUM to bring our total group AUM to circa $700m. This makes Alpha Growth PLC one of the fastest growing asset managers in the world. In addition to both significantly increasing both our AUM and our revenue, this acquisition provides a great platform to market our services to a sizeable European market. It also provides a good foundation for potential future European based acquisitions.”
Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets using its extensive actuarial, life insurance, and policy sourcing expertise. Building on its well-established network, Alpha Growth has a unique position in the longevity asset services and investment business as a listed entity with global reach and has the capability to structure investments in both closed-end, open-ended, and special purpose vehicles.
Gobind Sahney, executive chairman of Alpha Growth, said: “Our aim at Alpha is to help our clients both build and protect wealth, whilst also generating significant returns for our shareholders. The completion of this acquisition is an incredibly significant step in our goal of managing over $2bn of AuM by 2025 and is just one of several exciting initiatives our team have been progressing. We are also in the final stages of completing our previously announced acquisition of Havelet Assignment Company Limited and I look forward to updating our shareholders in due course.”
“With continued and ongoing market volatility caused by world events further underpinning the appeal of our uncorrelated offerings, as well as the potential for certain acquisition opportunities presenting themselves over the course of the next 12 to 18 months, there is a possibility, if all goes well, that we may beat our target of reaching $2bn of AuM by 2025.” Sahney concluded.
