Smith & Williamson makes Numerica investment

Link: Sarin steps down at Numerica

S&W purchased a 9.84% stake, or 5.1m shares, in the AIM-listed accountancy group yesterday. The company has previously held abortive talks with BDO Stoy Hayward and RSM Robson Rhodes.

Numerica’s new chief executive Peter Jenkins said that the new investor had told him the stake was an investment. Jenkins took over from Tony Sarin earlier this month, who stepped down after the company revealed it would produce disappointing second-half figures

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