'Plenty of synergies': Alvarium continues sector consolidation

'Plenty of synergies': Alvarium continues sector consolidation
Deal done amid market green shoots. (Image: Getty)
Staff reporters
Alvarium Wealth Management Holdings' acquisition of Salt Funds Management marks the latest sector consolidation amid the first signs of economic recovery in New Zealand, a party to the deal says.The cash-and-shares consideration saw Alvarium acquire all of Salt for an undisclosed amount. Salt’s managing director, Matt Goodson, wouldn’t elaborate on the valuation metric used when he spoke to BusinessDesk.NZ-owned Alvarium said the strategic acquisition would expand its investment platform capabilities, delivering greater inv...

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