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RIT Capital to Acquire GVO Investment Management.

MANews-(C)2009-2014

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.

Country: UK

Sector:

Target: GVO Investment Management Ltd

Buyer: RIT Capital Partners plc

Deal size in USD:

Type: Corporate acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms were not disclosed

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Dec 19, 2014
Words:140
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