On May 17, 2018, Seven Investment Management announced an agreement to acquire Tcam Asset Management.
Under the terms of the agreement, Seven Investment Management (“7IM”) will acquire 100% of Tcam Asset Management (“Tcam”). Tcam will continue with its brand until the end of 2018, after which Tcam will wholly operate under 7IM’s brand. Tcam’s CEOs, Haig Bathgate and Alex Montgomery will join the 7IM management team. The transaction is subject to FCA approval. Further terms of the transaction were not disclosed.
7IM, established in 2002 and headquartered in London, is an investment management firm that provides retail investment management services, products, and technology. 7IM has approximately £12.5 billion in assets under management.
Tcam, established in 2015 and based in Edinburg, is an asset manager that provides discretionary investment management services and products to high net worth clients. Tcam has approximately £1.1 billion in assets under management.
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