Liontrust to Buy Neptune for £40m

Boutique fund group Liontrust has confirmed it is to buy Robin Geffen's Neptune Investment Management for £40 million

James Gard 29 July, 2019 | 12:39AM
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Neptune's Robin Geffen

Boutique fund manager Liontrust has confirmed it is to acquire Neptune for £40 million. 

The deal, which expected to complete in October subject to regulatory approval, will see Liontrust's assets under management increase by £2.8 billion to a total of £17 billion. The firm will issue up to £35 million in shares to fund the deal. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Liontrust Asset Management PLC1,970.00 GBP0.00
Liontrust Balanced A Acc GBP10.51 GBP0.83Rating
Liontrust Global Alpha A Acc GBP9.04 GBP1.43Rating
Liontrust Global Smaller Coms C Acc GBP2.79 GBP0.79Rating
Liontrust Global Technology C GBP Acc3.94 GBP1.45Rating
Liontrust Income A Acc GBP4.24 GBP0.45Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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