BT Investment Management to Acquire J O Hambro Capital

July 25, 2011

On July 19, 2011, London-based investment firm J O Hambro Capital Management Group Limited announced that Australian fund manager BT Investment Management (ASX: BTT) had agreed to acquire its investment management business for ₤209 million.


On July 19, 2011, London-based investment firm J O Hambro Capital Management Group Limited announced that BT Investment Management, a boutique fund manager listed on the Australian Stock Exchange (ASX: BTT), will acquire 100% of the Group’s core investment management business, J O Hambro Capital Management Limited, for ₤209 million.  The purchase includes approximately ₤7.1 billion of assets under management, as well as a 9.9% stake in J O Hambro Capital Management’s private client business.  Based in Sydney, Australia, BT Investment Management has approximately A$34 billion of funds under management, including Australian equities, fixed income, global macro and cash.  Following the deal; J O Hambro Capital Management will function as an investment boutique within BT Investment Management and will retain its current fund managers, management team, and autonomy over investment strategies.  The deal, which is expected to close during the fourth quarter of 2011, is conditioned upon obtaining regulatory approvals, including from the UK Financial Services Authority.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions