Liontrust acquires GAM

GAM's investment management division has £21bn assets under management and administration as at 3 March 2023, and the acquisition will create a global asset manager with £53bn in AuMA. The financial terms of the deal were not disclosed, but Liontrust said the consideration "will be satisfied" by the issue of 9.4 million new ordinary Liontrust shares, with GAM expected to own approximately 12.6% of the combined group. The deal values GAM at CHF 107 million (£96 million), Liontrust said in its statement. Potential Liontrust-GAM deal 'opportunistic' but 'complementary' John Ions, C...