Brewin buys Tilman
DUBLIN-based client fund management company Tilman Asset Management has been acquired by Brewin Dolphin Holdings in a €20m deal.
Brewin Dolphin has inked a deal which will see an additional €15m payable in December 2014, based on the performance of Tilman.
Tilman, founded in 1995 by its main shareholder Ray Tilson, had funds under management of approximately €917m.
Around 70pc are managed on a discretionary basis and less than 10pc of these are dependent on the Irish market.
Jamie Matheson, the Executive Chairman of Brewin Dolphin said that they believe Tilman is "one of the best in Ireland".