Brooks Macdonald Acquires DPZ Capital

April 21, 2014

On April 14, 2014 Brooks Macdonald Group PLC (LSE:BRK) announced that it had acquired Jersey-based wealth manager DPZ Capital Ltd.

On April 14, 2014, Brooks Macdonald Group PLC (LSE:BRK) announced that it had acquired Jersey-based wealth manager DPZ Capital Ltd. from DPZ Holdings Ltd. for consideration of up to GBP 13 million. At closing, GBP 3 million in cash and Brooks McDonald ordinary shares valued at GBP 2.7 million are to be paid, with a further GBP 2.4 million of cash payable in October 2014 and the remainder of the consideration to be contingent on funds under management at the end of March 2016. DPZ Capital, founded in 2007, had about GBP 430 million of funds under management at the end of March 2014, of which about GBP 360 million were managed on a discretionary basis.

To read the press release, please click here.


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Investment Manager M&A, Transactions