RIT Capital to Acquire GVO Investment Management.
19 December 2014 - UK-based investment trust RIT Capital Partners plc has entered into an agreement to acquire UK-based specialist fund manager GVO Investment Management Ltd. from Hansa Aktiengesellschaft, the company said on Friday.
Terms were not disclosed. The deal is subject to regulatory approval.
GVOIM currently manages the GVO UK Focus Fund, an Irish listed open-ended investment company, and Strategic Equity Capital plc, a London-listed investment trust.
Conditional upon the transaction's regulatory approval, RIT will acquire Hansa's holding in Strategic Equity Capital plc.
RIT Capital Partners posts net assets of more than GBP 2bn. It is chaired by Lord Rothschild, whose family interests retain a significant holding.
Target: GVO Investment Management Ltd
Buyer: RIT Capital Partners plc
Deal size in USD:
Type: Corporate acquisition
Buyer advisor: , ,
Comment: Terms were not disclosed
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Dec 19, 2014|
|Previous Article:||Mincon Group Acquires Remaining Stake in US Subsidiary.|
|Next Article:||UBM Closes USD 972m Acquisition of US Tradeshow Operator Advanstar.|