Rathbone Acquires Jupiter Asset Management

September 29, 2014

On September 26, 2014, stockmarketwire.com reported that Rathbone Investment Management had completed the acquisition of Jupiter Asset Management’s private client and charity investment management business for £40 million in cash.

On September 26, 2014, stockmarketwire.com reported that Rathbone Brothers PLC’s wholly-owned principal subsidiary, Rathbone Investment Management Limited, had completed the previously announced acquisition of Jupiter Asset Management Limited’s private client and charity investment management business. Rathbones paid £40 million in cash for the asset manager, which has approximately £1.9 billion in assets under management.

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Categories

Investment Manager M&A, Transactions