Latest Breaking News On - Bettina edmondston - Page 1 : comparemela.com
Hidden gems: Three below-radar funds in the IA Global Equity Income sector
portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
AssetCo completes acquisition of Saracen
investmentweek.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentweek.co.uk Daily Mail and Mail on Sunday newspapers.
Last chance to sign up for Press and Journal Business Breakfast
pressandjournal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressandjournal.co.uk Daily Mail and Mail on Sunday newspapers.
Fund buyers expect Saracen Fund Managers revival after Assetco purchase
Martin Gilbert-backed business will buy the Edinburgh-based asset manager in £2.75m deal
Assetco’s acquisition of Saracen Fund Managers should help the ailing fund group realise its growth potential, given asset management dealmaker Martin Gilbert’s involvement, according to fund buyers.
On Friday, Assetco, the former fire-engine leasing business chaired by Gilbert (pictured), announced it was buying Saracen in a deal worth £2.75m.
The purchase, conditional to FCA approval, is expected to occur by the end of September and will result in the issue of 166,904 new ordinary shares of 10p each in the company and £664,774 in cash to be paid on completion.