Liontrust to acquire Neptune in £40m deal

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

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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