Polar Capital to acquire Dalton SP for £15.6m

This estimate, which is based on the current AUM of Dalton SP, will be split between the initial consideration of £8.3m, of which £7.8m will be paid in cash and £0.5m in Polar Capital shares, and a further deferred cash consideration of around £7.3m payable 12 months after completion, with the amount linked to the value of AUM at the time. The maximum payable at this second stage is capped at £13.2m, so the total transaction value will not exceed £21.5m. Polar completes acquisition of teams from First Pacific The costs of the transaction are expected to be £6.2m in total and will i...