RIT Capital Partners to Acquire GVO Investment Management

December 19, 2014

On December 19, 2014, RIT Capital Partners plc, an investment trust listed on the London Stock Exchange, announced that it had agreed to acquire London-based specialist fund manager GVO Investment Management Limited.

On December 19, 2014, RIT Capital Partners plc (“RIT”), an investment trust listed on the London Stock Exchange, announced that it had agreed to acquire London-based specialist fund manager GVO Investment Management Limited (“GVOIM”) from Hansa Aktiengesellschaft (“Hansa”), a Swiss-based international investor with over $2 billion of assets. As part of the transaction, RIT will acquire Hansa’s holding in London-listed investment trust Strategic Equity Capital plc. 

RIT has net assets of over £2 billion. GVOIM has assets under management of approximately £350 million.

The terms of the transaction, which is subject to regulatory approval, were not disclosed. 

To view the press release, please click here.

 


Categories

Investment Manager M&A, Transactions