INVESTMENT company Stellar Capital Partners, which has retail tycoon Christo Wiese as an anchor investor, has bolstered its position in the asset-management sector with a proposed R1.43bn acquisition of the financial services businesses operated by Prescient.In 2015, Stellar, which owns interests in industrial services group Torre and unlisted electronics manufacturer Tellumat, took control of struggling Cadiz Asset Management.The Prescient deal is more substantial than the Cadiz one, and offers Stellar a platform on which to build a significant asset management and related financial services offering.READ THIS: Stellar nabs Prescient cash cowStellar CEO Charles Pettit confirmed on Wednesday that Stellar was eyeing other opportunities that could combine with Prescient.Immediate speculation in the market was that Prescient could be looking at offshore opportunities on the administration side of the asset management business, where the company has built a viable niche, as investment r...
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