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Liontrust to Acquire Alliance Trust Investments
The proposed acquisition is expected to complete in April 2017.
Liontrust will
purchase the entire issued share capital of Alliance
Trust Investments for up to £30 million. The proposed
acquisition is expected to increase Liontrust’s assets under
management by around £2.3 billion to more than £8 billion.
The announcement comes after a strategic review of Alliance Trust
which was initiated by the company’s board earlier this year to
look at enhancing shareholder value.
The ATI investment team, which is headed by Peter Michaelis and
manages 11 sustainable investment funds, brings a range of equity
and fixed income funds. Michaelis’ own experience includes
various roles at Aviva Investors over 11 years, including as head
of sustainable and responsible investment and head of equities
before moving to ATI in 2012.
“The acquisition of ATI puts us in a very strong position to meet
this demand [for sustainable investment]. We look forward to
promoting the team and the sustainable investment funds in the UK
and across continental Europe,” said John Ions, chief
executive of Liontrust.
It has not yet been confirmed whether there will be any
duplication or loss of jobs.
