Gottex Fund Management To Acquire Penjing Asset Management

May 16, 2012

On May 16, 2012, Gottex Fund Management Holdings announced that it had reached an agreement to acquire Hong Kong-based Penjing Asset Management, a leading Asian alternative asset management provider.

On May 16, 2012, Gottex Fund Management Holdings announced that it had reached an agreement to acquire Hong Kong-based Penjing Asset Management, a leading Asian alternative asset management provider.  Gottex will acquire the entire share capital of Penjing for a combination of cash and 1.75 million Gottex shares, payable over a period of two years and adjusted for Penjing’s future assets under management.  Penjing Asset Management is an alternatives manager with approximately $4.34 billion in assets under management invested in a rage of Asian focused products.  Gottex is an independent global alternative asset management group with $7.6 billion in assets under management.  Completion of the transaction is subject to regulatory approval and other conditions.

To read the press release, please click here.


Categories

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