On April 27, 2011, Syndicate Asset Management Plc announced the sale of its subsidiary, EPIC Investment Partners Limited, to Hume Capital LLP for up to £2.1 million.
On April 27, 2011, Syndicate Asset Management Plc announced the sale of its institutional fixed income asset management businesses to Hume Capital LLP for up to £2.1 million. The sale includes EPIC Investment Partners Limited and its trading subsidiary, EPIC Asset Management Limited. The purchase price consists of £0.35 million in cash at closing, the writing-off of an existing £1.25 million loan, and up to £0.5 million in cash on the anniversary of closing, conditional upon performance. Hume Capital is an independently owned UK investment firm. The transaction is subject to regulatory approvals.
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