Appian Asset Management to be bought by Gresham House
Updated / Thursday, 17 Dec 2020
08:23
Appian Asset Management has about €330m under management
Fund manager Appian Asset Management is to be acquired by UK-based alternative asset manager Gresham House.
The transaction values Appian at an estimated €10m, including performance-based earnouts over the coming three years.
The deal is still subject to approval by the Central Bank.
Appian was established in 2002 by CEO Patrick Lawless and its key shareholders include Patrick Lawless, Greg Lawless and Kevin Menton.
The firm has about €330m under management and operates a range of funds which invest globally across traditional and alternative asset classes including equities, property, infrastructure and forestry.