Tatton Asset Management has secured a £30m acquisition war chest as it confirms numerous deal discussions.
In its interim results published this morning (November 18) the investment manager confirmed the bank loan would be used to fund business growth and dedicated to supporting its M&A pipeline.
Paul Hogarth, chief executive at Tatton, told FTAdviser the company was interested in acquiring other funds and DFMs.
He said: "Any businesses where we can build up funds under management and manage those monies afterwards is of great importance to us and that's why that banking facility is in place.
"We have got two, maybe three, conversations under way at this moment in time.
"We are very, very keen on this side and we are happy to talk with anybody with assets under management to buy."
Earlier this year the investment manager reached the final stages of bidding for the Architas UK investment business, which eventually was bought by Liontrust in a deal worth £75m.
Tatton incurred professional costs of just more than £200,000 as a result of the unsuccessful bid.
Mr Hogarth said: "We did have a really good look at buying the Architas range.
"We learnt a lot form that and you are not necessarily always successful, but it shows the ambition of the group and where we want to be."
In today's results Tatton revealed its assets under management had hit £8.1bn, having gained £1.2bn in the six months between March and September this year.
The number of advice firms using its DFM services jumped from 595 to 624 in the same period, bolstered by Tatton's ongoing partnership with Tenet.
The alliance with Tenet added 93 IFA firms assets under management of £376.6m.
Mr Hogarth said Tatton was currently in discussions with additional networks and platforms with the aim of forming more of these partnerships.
rachel.mortimer@ft.com
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