Liontrust Asset Management Plc (AIM:LIO), the specialist independent fund management group, is pleased to announce their completed Acquisition of Neptune Investment Management Ltd.
On 31 July 2019, Liontrust announced that it had entered into a conditional share purchase agreement with the significant shareholders of Neptune Investment Management Limited to purchase (the “Acquisition”) the entire issued share capital of Neptune Investment Management Limited (“Neptune”) for a total consideration of up to £40 million (inclusive of the expected net asset value of Neptune).
On 1 October 2019, Liontrust announced its completed Acquisition, adding £2,743 million to assets under management. The acquisition will allow Liontrust to further broaden their distribution and client base in the UK and internationally, and their assets under management will increase to c.£17 billion.
Singer Capital Markets is acting as Joint Broker to Liontrust Asset Management Plc.
About Liontrust Asset Management Plc
Liontrust is a specialist fund management company that takes pride in having a distinct culture and approach to running money. The Company has two primary aims: to invest money on their client’s behalf to try to help them reach their financial goals and to invest in what they believe are the best companies around the world, providing businesses with capital to grow. The Company launched in 1995, and has been listed on the London Stock Exchange since 1999.
Market Cap: £409.56 million*
Website: Click here
*As at 09/10/2019
For more information about this news, please email us or call us on +44 (0)20 7496 3000