Liontrust shareholders approve GAM acquisition
Backed by 84% of votes at a general meeting held on 7 July
Backed by 84% of votes at a general meeting held on 7 July
Deal adds £323m in assets under management
After it did not conclude any deals in 2022
M&A consultant says smaller businesses ‘must navigate a more challenging environment amidst fluctuating valuations’
It is the firm’s third deal and has two more in the pipeline
Deal is a ‘true meeting of minds’
Acquirer now has over £2bn in AuM/A
It is the company’s sixth acquisition since 2019
Acquired firm offers trust services
Research and consultancy firm will continue to operate under its own brand
As it launches a members-only buyout proposition
Deal bolsters the wealth manager’s footprint in Scotland