Things have worked out okay for Davy’s shareholders. By selling off the business in three pieces, they have lined up a potential total payout of €565 million – almost double the number bandied about when Davy first put itself up for sale. The biggest part of the three-part deal is the sale of Davy’s wealth management and capital markets business to Bank of Ireland for €440 million.  Separately, today, Davy announced the sale of Davy Global Fund Management (DGFM) to EQ-IQ, and of its 63 per cent stake in Rize ETF to AssetCo, the investment firm chaired by Martin Gilbert,…

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