Top Movers

Gresham House acquisition of FIM Services gets FCA green light

By Josh White

Date: Thursday 17 May 2018

Gresham House acquisition of FIM Services gets FCA green light

(Sharecast News) - Specialist alternative asset manager Gresham House has received formal approval from the Financial Conduct Authority for the proposed acquisition of FIM Services by its wholly-owned subsidiary Gresham House Holdings, it announced on Thursday.
The AIM-traded firm initially announced the proposed acquisition for a total consideration of up to £25m on a cash-free, debt-free basis on 2 May.

At the time, Gresham House said the acquisition would combine two "leading firms" in UK commercial forestry management and renewables, adding both assets under management and in-house investment expertise to Gresham House Forestry and Gresham House New Energy.

Upon completion, Gresham House's assets under management will be over £1.5bn across five specialist alternative investment strategies, being forestry, new energy, UK housing and infrastructure, private assets and strategic public equity.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page