London, United Kingdom
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










UK Wealth & Asset Manager TEAM Buys Globaleye for $6 Million, Globaleye with $303 Million AUA, $10 Million Revenue & $140,000 Net Profit in 2022 & Founded by Tim Searle in 1996

2nd June 2023 | Hong Kong

UK (United Kingdom) wealth & asset manager TEAM has acquired Globaleye Wealth Management Group for $6 million (£4.8 million).  In 2022, Globaleye has around $303 million (£242 million) in Assets under Advisory, and reported $10 million revenue & $140,000 net profit.  Globaleye Wealth Management headquartered in Dubai (UAE) is founded by Chairman Tim Searle in 1996.  Globaleye specialises in wealth management, insurance broking and complementary financial services, providing advice to affluent, high and ultra-high net worth private individuals, trustees, corporates and business owners.  Globaleye has 68 employees and further offices in Abu Dhabi, Singapore, Durban (South Africa), and Kuala Lumpur (Malaysia). It is regulated by the Central Bank and the Securities and Commodities Authority in the UAE, and by the relevant local regulators in the other countries.  Globaleye: “Globaleye has consistently looked to expand its range of services with the acquisition of a Dubai-based wealth management business in 2022 and successfully launching a network proposition for third party advisers, leveraging its licences and well-resourced infrastructure.  More recently, Globaleye launched an innovative in-house investment service and a digital wealth platform, the first of its kind in the UAE.”  TEAM plc is a wealth, asset management and complementary financial services group, headquartered in Jersey, with offices in London, Guernsey, Isle of Man and Geneva.  The company was founded in 2017 by Mark Clubb and is listed on the AIM market of the London Stock Exchange.

” UK Wealth & Asset Manager TEAM Buys Globaleye for $6 Million, Globaleye with $303 Million AUA, $10 Million Revenue & $140,000 Net Profit in 2022 & Founded by Tim Searle in 1996 “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





TEAM’s CFO & COO, Matthew Moore:  “The acquisitions of Globaleye and Thornton takes TEAM closer to £1 billion under management and advice in our target markets and extends our global footprint to seven countries. In doing so, we believe we are carving out a valuable section of the high net worth market who are living outside of their mainland home tax jurisdiction and are in need of specialist financial advice, which in the past has not been easily accessible. TEAM is filling that space and we see significant scope to expand further.”

Globaleye’s Chairman and Founder, Tim Searle: “We are delighted to announce that Globaleye Wealth Management will be partnering with TEAM to provide an enhanced product offering to its clients. There is a compelling strategic rationale for joining forces and the companies are a strong cultural fit, both with an entrepreneurial and performance-driven culture. Our clients will be able to benefit from TEAM’s highly successful multi-asset portfolio management, bespoke portfolio and cash and treasury management services. For our valued team at Globaleye Wealth Management, there will be an opportunity to work within a collegiate and client focused culture and to take advantage of TEAM’s complementary management and support services. I look forward to joining TEAM as a substantial and supportive shareholder.”

TEAM’s Executive Chairman, Mark Clubb: “In May of last year, we stated our ambition to grow internationally within the other Crown Dependencies as well as further afield including in the Middle East and Asia. Our multi-asset strategies have delivered robust returns in challenging markets and this acquisition represents a major opportunity to transition Globaleye clients from third-party managers to the TEAM Asset Management model portfolios and bespoke portfolio services. There will be cash and treasury management opportunities for Globaleye clients which will drive benefits of scale and improve client yields and revenues.

I look forward to welcoming Tim Searle and Patrick Liotard-Vogt of Globaleye who will become substantial shareholders of TEAM. As a Group, we continue to have an ambitious roll-out strategy which requires ongoing support from current and future shareholders – I shall continue to provide my support as a shareholder. Overall, I believe these recent acquisitions are transformational, opening up a much larger stage for TEAM.”

 

 

UK Wealth & Asset Manager TEAM Buys Globaleye for $6 Million

London, United Kingdom

UK Wealth & Asset Manager TEAM Buys Globaleye for $6 Million

29th May 2023 – The deal, announced on Monday, comprises 6,208,667 new ordinary shares of nil par value in TEAM and the issue of a convertible loan note of £2,445,296, which is convertible into 5,964,138 new ordinary shares in TEAM. The convertible loan note is exercisable at the option of the Globaleye vendors, subject to certain conditions.

Additional consideration will be payable by TEAM if Globaleye’s net assets are in excess of £1.0 million ($1.2 million) on completion. Deferred consideration of up to £0.8 million ($1.0 million) is payable by TEAM dependent upon Globaleye hitting a profit target for the year ended 31 December 2023, and other operational tests.

The acquisition is expected to be immediately earnings enhancing upon completion and will further contribute to TEAM’s ability to reach cash-flow break even. The consideration represents an estimated P/E multiple of 10x on 2023 profits, before revenue and cost synergies.

TEAM said the acquisition would strengthen its presence in high growth markets such as Dubai, Singapore and Abu Dhabi, where there is a high demand for long term savings, insurance and other financial services from the international expatriate community.

TEAM also said it would seek to transition a proportion of Globaleye’s existing clients to TEAM’s investment management products, alongside extending to them the full range of services offered to TEAM’s existing clients.

 

 

TEAM plc is a wealth, asset management and complementary financial services group, headquartered in Jersey, with offices in London, Guernsey, Isle of Man and Geneva. The company offers a range of services, such as multi-asset portfolio management, bespoke portfolio management, cash and treasury management, financial planning, corporate finance and trust administration. The company was founded in 2017 by Mark Clubb and is listed on the AIM market of the London Stock Exchange.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 23rd July2024 Investment Day Singapore 25th July2024 Investment Day Hong Kong 4th Sept2024 Investment Day Singapore 11th Sept2024 Family Office Summit Hong Kong 16th Oct2024 Family Office Summit Singapore 23rd Oct / 6th Nov












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleUK Competition & Markets Authority Lists 5 Major Banks Traders for Unlawful Sharing of Pricing & Trading Strategies to Buy & Sell Bonds using Bloomberg 1-to-1 Chatrooms, 5 Major Banks are Citi, HSBC, Deutsche Bank, Morgan Stanley & Royal Bank of Canada
    Next articleTheranos Founder Elizabeth Holmes Age 39 Starts 11 Years Jail Sentence in Minimum Security Facility in Texas United States after Losing Appeal to Stay Out of Jail During Appeal, New Judgement to Pay $452 Million to Victims of Her Fraud 
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia