Ashcourt Rowan to Acquire Assets of Generali Portfolio Management

August 15, 2013

On August 7, 2013, Ashcourt Rowan plc announced that it had agreed to acquire the assets of Generali Portfolio Management (UK) Limited for £1.1 million in cash, with up to £1 million in deferred consideration payable over the 24 months following the close of the sale.

On August 7, 2013, Ashcourt Rowan plc announced that it had agreed to acquire the assets of Generali Portfolio Management (UK) Limited via its subsidiary Ashcourt Rowan Asset Management Limited.  Ashcourt Rowan will pay £1.1 million in cash, with up to £1 million in deferred consideration payable over the 24 months following the close of the sale; both amounts are dependent on total assets under management on and after the closing.  Generali Portfolio Management manages approximately £200 million in discretionary client portfolios. 

To read the press release, please click here.


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Investment Manager Strategic Investments, Transactions