Announced
Financials
Sources
Tags
investment management
Acquisition
Pending
Single Bidder
United Kingdom
Majority
Domestic
Private
Friendly
Investment Banking
Synopsis
Liontrust, a a specialist fund management group, agreed to acquire Majedie Asset Management, an independent investment boutique, for $159m. "Majedie is an important acquisition for Liontrust because of its strong presence and reputation in the institutional market. Liontrust has been increasing our number of institutional clients and the purchase of Majedie will hasten this expansion by enhancing our investment capability and client service credentials," John Ions, Liontrust CEO.
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