Bonhill plc has received “indicative conditional offers” for its U.S. business, InvestmentNews LLC, and will provide a further update once a preferred buyer has been selected, the company said in a release.
Bonhill also said that it has received a conditional offer of £6.6 million in cash (U.S. $8.05 million) from a privately owned UK media company for its UK and Asia businesses. That transaction is expected to close in January, subject to the completion of satisfactory due diligence.
In October, Bonhill said it was conducting a strategic review of its businesses and a formal sale process.
Bonhill Group (AIM: BONH) is a B2B media company whose brands include InvestmentNews, ESG Clarity, Portfolio Adviser, Fund Selector Asia, What Investment, SmallBusiness.co.uk, GrowthBusiness.co.uk, Information Age, the Women in… events series and DiversityQ.
The two hybrid RIAs have widened their respective footprints with acquisitions in Kentucky and Pennsylvania.
The joint motion by the regulator and the giant crypto bourse comes as the recently installed crypto task force lays foundations for a formal framework.
With meaningful scale and growing client needs, the multibillion-dollar RIA's leader says the "time is right" to come into its own an independent private investment business.
Despite technology adding capacity, an advisor shortage is predicted.
And there's a large gap between the fears they have and the action they take.
From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.
Blue Vault features expert strategies to harness for maximum client advantage.