Gilbert’s AssetCo takes £27.8m stake in Parmenion

Former Standard Life Aberdeen joint chief executive Martin Gilbert’s AssetCo has acquired a 30% stake in Parmenion Capital Partners.

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Parmenion axes VAT on Managed Portfolio Services

Investment firm and platform provider Parmenion has joined the growing list of investment managers who have removed VAT from their Managed Portfolio Services (MPS).

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Parmenion to stick with proprietary tech 

Parmenion, the platform acquired for £102m last week, is to invest in its own proprietary technology rather than follow other platforms in using third party ‘platform engine’ providers such as FNZ.

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Private equity firm PCP buys Parmenion for £102m

Private equity firm Preservation Capital Partners has today acquired the Parmenion platform from owners Standard Life Aberdeen for "up to £102m."

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