BCP appointed KPMG late last year to advise on strategic options
, a Dublin-based firm that was put on the market late last year and is said to be worth between €12 million and €14 million, according to sources.is also among parties running the rule over BCP, according to sources. Bids are due imminently, they said. However, Goodbody is being tipped as the leading contender by people familiar with the process.late last year to advise on strategic options, after it had received a number of unsolicited approaches from wealth managers.
Sources familiar with the process say the nature of the business means it is more heavily geared towards commissions than recurring fees.was also speculated to be interested in the company. However, sources said on Friday it is not in the running. The company swung into a pretax profit of €925,783 in 2023 from a loss of €540,616 posted in the previous year.BCP beefed up its board in September last year buy appointing Aidan Williams, chairman of the National Asset Management Agency, and Mary Brennan, a former internal auditor at pharma group Elan and seasoned non-executive director.in late 2021 in a deal worth €138 million.
Davy bought the asset-management arm of Bloxham in May 2012 when the country’s then oldest broker cratered under the weight of an accounting scandal – having agreed months earlier to buy the firm’s private clients business. A raft of subsequent Davy purchases included what was once AIB Investment Managers, the Irish arm of UK asset manager Sarasin and Danske Bank’s wealth unit in Northern Ireland.
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