Interactive Investor delivers £1.5 billion exit
- On December 13, 2021
- By GrowthInvest Marketing
MMC first invested in Interactive Investor (II) in 2010. At that stage II was primarily an investment information business with two print magazines (MoneyWise and Money Observer) and an active investor online bulletin board, but with all brokerage execution outsourced to Halifax Share Dealing. It did, however, have a well-known brand, and building a brand in retail financial services takes a lot of capital and time (see Nutmeg). In addition, the secular trend towards low cost self investment and execution was building momentum. These were the two principal drivers of our decision to invest.
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