Premier looks to acquire businesses.

Investment Adviser, June, 2009

Byline: James Kenny

Premier Asset Management is still on track to make a number of acquisitions and hire new businesses, according to Simon Weldon, managing director of sales and marketing.

The group announced earlier in the year that it was looking to hire new managers, as well as acquire businesses and funds to complement its existing range. Mr Weldon said he would not be surprised if Premier made its first acquisition within the next six months.

He said the plans are fully supported by private equity firm Electra Partners, which staged a management buyout of Premier last summer.

"Right now, the plans are still in play, but it's all about finding the right businesses at the right price.

"We don't want to pay over the...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.