Polar Capital completes Dalton Strategic Partnership acquisition

The deal, announced in December, will see Polar Capital acquire the parent company of Dalton Strategic Partnership for a total transaction value capped at £21.5m. In the final terms of the agreement, the initial consideration for the acquisition has been satisfied through £8.5m in cash plus 7,482 new ordinary shares in Polar Capital. Further deferred cash consideration in the region of £7.1m is payable 12 months after completion, with the amount being linked to the value of AUM at the time. In addition to adding £1.3bn of AuM to the group, taking total AUM to £21.6bn, the deal prov...