Gresham House Acquires Hazel Capital’s Management Business

November 17, 2017

On October 31, 2017, Gresham House Plc announced the acquisition of Hazel Capital LLP’s asset management business.

Gresham House Plc (“Gresham House”) will pay a total consideration of £2.6 million for Hazel Capital LLP’s (“Hazel Capital”) asset management business, comprised of an initial £0.6 million in cash and an additional £2 million of cash and new ordinary shares when the project investments are complete. As a result of the transaction, Gresham House will form a new division to be named “Gresham House New Energy”. The new division will be led by Hazel Capital partners Ben Guest, Bozkurt Ayndinoglu and Gareth Owen and will have over £100 million in assets under management to focus on renewables and new energy, subject to shareholder and regulatory approvals.

Gresham House is a London-based, AIM-listed alternative asset manager. Gresham House is an active investor focused on providing funds, direct investments, and other strategic investment solutions. It currently has over £532 million in assets under management.

Hazel Capital is a London-based venture capital and private equity firm specialized in providing retail customers, HNWs, and institutional investors with advice on renewable energy and infrastructure investments.

To read the press release: please click here.


Categories

Investment Manager M&A, Private Equity M&A, Transactions, Venture Capital M&A