Bridgepoint aquired Tilney in 2005. The company offered clients sophisticated in-house asset management products such as equities, fixed interest, commercial property and hedge funds as well as third party products.
Tilney had a strong brand, diversified asset management offering, loyal customer base, strong regional network and offered the opportunity to implement a selective ‘buy and build’ strategy in a fragmented competitor landscape.
Under Bridgepoint’s ownership, funds under management grew by 30% to €6.7 billion, profitability doubled and it made several strategic acquisitions as part of a product diversification strategy.