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Appian Asset Management buyout sparks social housing move thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.
Boutique investment firm Appian Asset Management is being bought by UK based specialist alternative asset manager, Gresham House. The transaction values Appian at an estimated €10m, including performance-based earnouts over the coming three years - with an initial consideration of €4.55m. Gresham House has over £3.3bn (€3.6bn) in assets under management as at June 30 this year, and is quoted on the London Stock Exchange. Appian was established in 2002 by CEO Patrick Lawless. Read More Its key shareholders include Mr Lawless, Greg Lawless and Kevin Menton. The firm has circa €330m under management as at September 30, and operates a range of funds which invest globally across traditional and alternative asset classes including equities, property, infrastructure and forestry. ....
UK alts boutique buys Irish firm to expand into Europe citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Gresham House acquire Appian Asset Management Limited for €4.55 million 7:17 am Gresham House plc (LON:GHE), the specialist alternative asset manager, has announced the acquisition of Appian Asset Management Ltd for an initial consideration of €4.55 million, with €3.6 million payable on completion (€2.7 million in cash from existing resources of the Group and €0.9 million in new shares issued by the Company) and including €0.95 million for cash within the business. Further variable deferred consideration is payable subject to targeted earnings performance up to 31 December 2023, bringing potential total consideration to €10.0 million. The transaction is subject to approval from the Central Bank of Ireland. Based in the Republic of Ireland, Appian is an active asset manager with c. €330 million in Assets Under Management (AUM) as at 30 September 2020 with €0.4 million normalised EBITDA for the year to 30 November 2020. The firm manages a ....
17 December 2020 | 08:54am StockMarketWire.com - Alternative asset manager Gresham House said it had acquired Appian Asset Management for up to €10 million. Based in the Republic of Ireland, Appian is an active asset manager with about €330 million in assets under management as at 30 September 2020 with €0.4 million normalised EBITDA for the year to 30 November 2020. The firm managed a range of funds which invest globally across traditional and alternative asset classes including equities, property, infrastructure, and forestry. Under the terms of the deal, the company paid €4.55 million, with €3.6 million payable on completion and €0.9 million in new shares issued by and including €0.95 million for cash within the business. ....