Tilney Ltd.

Last updated
Tilney Investment Management Services Limited
Company type Limited
Industry Financial services
Founded1836;189 years ago (1836)
HeadquartersChesterfield Gardens,
London
,
UK
Area served
 United Kingdom
Key people
Products Investment Management Financial Planning
Investment Advisory
Wealth Management
Number of employees
1,000 (2017)
Subsidiaries Bestinvest
Website www.tilney.co.uk

Tilney was a financial planning and investment firm in the UK. It acquired financial advisors, Smith & Williamson, in 2019 [1] and the enlarged firm was rebranded as Evelyn Partners in 2022. [2]

Contents

History

The firm was established as a firm of stockbrokers by Thomas Tilney in 1836. [3]

Permira agreed to buy Tilney from Deutsche Bank, in February 2014, with the ambition of creating a wealth manager with £9 billion of assets. [4] After completion of the deal in May 2014 Bestinvest and Tilney combined to create Tilney Bestinvest. [5]

Tilney acquired Smith & Williamson with backing from Warburg Pincus in 2019. [6] and the combined company was renamed Tilney Smith & Williamson in 2020. [7]

In February 2022 the merged company Tilney Smith & Williamson, owned by private equity funds Permira and Warburg Pincus, was re-branded as Evelyn Partners. [8] [9] [10]

References

  1. ↑ "Tilney acquires Smith & Williamson for £625 million". citywire.com. Retrieved 2022-12-08.
  2. ↑ Reichman, Carmen (14 June 2022). "Tilney Smith & Williamson becomes Evelyn Partners". FT Adviser.
  3. ↑ "Tilney Bestinvest move to Liverpool 'may see redundancies'". FT Adviser. 6 November 2015. Retrieved 8 December 2022.
  4. ↑ "Permira Funds to acquire Tilney". Permira.com.
  5. ↑ Tilney to merge with Bestinvest
  6. ↑ "Warburg explores full ownership of Tilney Smith & Williamson". Private banking International. 21 February 2022.
  7. ↑ "Tilney and Smith & Williamson complete merger". Smith & Williamson.
  8. ↑ "At Tilney Smith & Williamson we are changing our name". Evelyn Partners.
  9. ↑ "Tilney Smith & Williamson to be listed or sold by PE owners". Financial Times. 4 February 2022.
  10. ↑ "Tilney S&W to be sold or listed by PE owners". FT Adviser.
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