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Axa poised to buy Thinc Destini

Axa is poised to buy Thinc Destini, Money Marketing can confirm.

The deal, for an as yet undisclosed sum, will be formally announced within the next few days.
Thinc Destini will be rebranded as Thinc Group and Simon Chamberlain will continue as chief executive.
The move, revealed exclusively in Money Marketing in July, marks Axa’s first venture into the adviser market and comes just months after it announced its takeover of Winterthur.
Thinc Destini, which has over 700 advisers, valued itself at £109m in March but the company is understood to be worth substantially more today.
Three directors, including Chamberlain, each have a 7 per cent share.
Axa Sun Life chief executive Paul Evans said in June: “We believe we can generate value for the shareholders and turn the business into a profitable one.”


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