Honeycomb Investment Trust to acquire Pollen Street Capital for $340m.

Honeycomb Investment Trust agreed to acquire Pollen Street Capital, an alternative investment management company, for $340m. “I am delighted that we have reached an agreement to combine Honeycomb and Pollen Street. The combination has a compelling strategic rationale, which will deliver strong operational and financial benefits, and generate future growth opportunities. This, alongside an attractive entry valuation, create potential for significant re-rating and valuation upside. The shares will also become more appealing and accessible for a wider range of investors. The clear strategic and financial logic of the transaction is evidenced by the significant shareholder support we have already received,” Robert Sharpe, Honeycomb Chairman.