Liontrust to acquire Neptune in £40m deal

Pedro Gonçalves
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Neptune CEO Robin Geffen will become head of his investment team
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Neptune CEO Robin Geffen will become head of his investment team

Boutique fund manager Liontrust has confirmed it is to acquire Neptune for £40m. The deal will see Liontrust's assets under management increase by £2.8bn to a total of £17bn. As per the agreed terms, Liontrust will initially pay £35m in new shares of 1 pence each. The asset manager would also pay up to an additional £5m in new shares, based on a certain future AUM level managed by the Neptune team. The entire Neptune investment team, including founder Robin Geffen, is to join the Lio...

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