Business
Proposed Acquisition of River Global Holdings Ltd
Liontrust Asset Management Plc has entered into a conditional agreement to acquire River Global Holdings Limited for an all-share consideration of £7.6 million, plus up to £2.1 million in adjustment shares related to the European Opportunities Trust mandate. This acquisition is expected to be accretive in the financial year ending March 31, 2027, and will expand Liontrust's investment talent and client base, bringing its pro forma assets under management and advice to £24.4 billion from RGH's £2.7 billion. The transaction is anticipated to be earnings enhancing, with expected cost synergies of £7.5 million and operating margins of around 50 percent for the acquired business post-integration. Disclaimer*
About this update from Liontrust Asset Management Plc
[{"type":"text","content":"\n\nLEI: 549300XVXU6S7PLCL855\nFor immediate release\n16 March 2026\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n \nLiontrust Asset Management Plc\n(\"Liontrust\" or the \"Company\")\nProposed Acquisition of River Global Holdings Limited\n \nThe Board of Liontrust, the independent active asset management group, is pleased to announce that it has entered into a conditional sale and purchase agreement (the \"SPA\") with River Global PLC to acquire the entire issued share capital of River Global Holdings Limited, the holding company for River Global PLC's asset management business (\"RGH\" and the \"Proposed Acquisition\", respectively), for an all share consideration of £7.6 million (\"Consideration Shares\") representing the value for the business excluding the European Opportunities Trust (\"EOT\") mandate plus an adjustment figure relating to the EOT mandate of up to £2.1 million in share consideration (\"Adjustment Shares\") with details on how this is calculated given below.\nThe Proposed Acquisition is advantageous for Liontrust and RGH and each of the companies' shareholders and clients. The highlights of the Proposed Acquisition and the reasons why it is compelling include:\n· The Proposed Acquisition will further expand Liontrust's investment t...