WELL-DONE ALERT: AssetCo said to ...

By Adam McNestrie

AssetCo, the London-listed wealth management consolidator, and Preservation Capital have shelved the £300 million plus sale of Parmenion despite receiving multiple offers from a variety of suitors, including private equity firm Abry Partners.

Last year September Sky News revealed in September that Parmenion - a £10bn assets under management wealth manager - was working with advisers to seek a buyer or new backers...