On September 1, 2016, Albion Ventures LLP announced an agreement to acquire OLIM Ltd. from Close Brothers Group.
The transaction will double Albion Ventures LLP’s (“Albion Ventures”) assets under management to almost £1 billion, taking on an additional £490 million from OLIM Ltd. (“OLIM Investment Managers”). OLIM Investment Managers’ Chief Executive and joint founder, Angela Lascelles, and existing investment management team will continue to control the management of its funds and segregated portfolios. The transaction is subject to regulatory approval.
Albion Ventures is a London-based venture capital investor with £450 million assets under management or administration prior to the transaction.
OLIM Investment Managers, which is also London-based, is an investment management company specializing in UK quoted equities for mainly charities, trusts and private clients.
To read the press release: please click here.