On September 15, 2014, Miton Group announced that it had completed its acquisition of Darwin Investment Managers for an initial consideration of £1.35M.
On September 15, 2014, Miton Group Plc (MGR:LSE) announced that it had completed its acquisition of the entire issued share capital of Darwin Investment Managers Limited for an initial consideration of £1,351,900, inclusive of 1,655,424 Miton shares at a price of 42.4p per share. The shares rank pari passu with Miton’s existing issued shares and are subject to a 12-month lock-in period.
Miton Group is a multi-asset and equity fund management specialist, managing £2.66 billion of assets as of June 2014.
Additional terms of the transaction were not disclosed.
To read the press release, please click here.
To read the original press release for the transaction, please click here.