Finland’s eQ Acquires ICECAPITAL’s Asset Management Business

November 26, 2012

On November 20, 2012, eQ Plc announced that it had acquired ICECAPITAL Securities Ltd’s asset management business for €14.1 million.


On November 20, 2012, eQ Plc announced that it had acquired ICECAPITAL Securities Ltd’s asset management business for €14.1 million, financed from existing cash reserves and bank financing.  The transaction does not include ICECAPITAL’s real estate private equity fund business.  ICECAPITAL’s asset management business includes mutual funds and discretionary asset management, and serves institutional investors and high net worth individuals, with approximately €6.5 million of assets under management.  The terms of the transaction were not disclosed. 

 To read the press release, please click here.


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions