London-listed fund and wealth manager, iimia Mitonoptimal, is to merge with Midas Capital Partners, a fast growing fund management company based in Liverpool. Midas was formed in 2002 and had grown its funds under management to over £1.6 billion as at 31 January 2008. Midas' principal distribution channels are fund and life company platforms, with a large number of IFAs choosing to access Midas’ funds for their clients through these means. The company has 18 employees, including its investment and business development teams each comprising six individuals. Staff and families collectively hold 53.1 per cent of Midas’ shares. The acquisition through a mix of cash and shares, values Midas at approximately £100.3 million. Through the acquisition iimia Mitonoptimal believes it is creating a pre-eminent player in the multi-asset fund manager market with approximately £2.9 billion of funds under management and advice.