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.
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