History
The Company was formed in 1999 as Evestment plc and was originally listed on the Alternative Investment Market. In 2000 it merged with Christows, a west country stockbroker. In 2001 it bought a research house known as Evolution Capital and changed its own name to Evolution Group.
It went on to merge with Beeson Gregory in 2002 and to acquire Williams de Broë in 2006.
On 12 November 2004, Evolution Beeson Gregory was fined £500,000 by the Financial Services Authority for market distortion amounting to market abuse. Evolution short sold 252% of the share capital of Room Service Group plc without any plan to settle these trades. Evolution's head of market making Christopher Potts was also fined £75,000.
It was acquired by Investec in 2011.
Read more about this topic: Evolution Group
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