M and A
Sanlam International Investments Buys Controlling Stake In UK Boutique

Sanlam International Investments and UK equity boutique Four Capital Partners have merged to form Sanlam FOUR, the firms said in a jointly issued statement.
Sanlam International
Investments and UK equity boutique Four Capital Partners have
merged to form Sanlam FOUR, the firms
said in a jointly issued statement.
Sanlam originally acquired an initial stake in Four of 29.9 per
cent in 2009 and will now hold an 89.7 per cent equity interest
in the firm. The investment teams within the existing FOUR
business will retain 30 per cent equity stakes in their specific
business areas. The transaction is subject to FCA approval.
The transaction will have no impact on the existing investment
teams or investment processes and each team will be responsible
for its own investment process and the achievement of its own
investment objectives, the firms said.
Derrick Dunne, director and founder of FOUR, said the merger will
create a more “diversified” business with a “significant increase
in AuM”.
“Underpinning the business are small specialist investment teams
operating within an investment led, entrepreneurial culture. This
will never change and performance will always remain each team’s
focus. The ownership structure directly aligns our fund managers’
interests with those of our clients. We are very optimistic for
the future. We have the perfect marriage of the strength and
resource of the Sanlam Group and the focus and expertise of an
investment boutique,” said Dunne.
Robert Roux, COO of Sanlam Investments, said staff will remain
significant owners, and investment teams and processes will
remain independent.
“Our relationship with FOUR is very successful with the firm
having delivered strong investment performance across all
investment products. This is an important step to cementing that
relationship and indicates Sanlam’s trust and confidence in
FOUR’s capabilities,” he said.
Sanlam International Investments advises on the global assets
managed in the Sanlam group which include the client assets of
Sanlam Life Insurance (SA), Sanlam Life and Pensions (UK) and
third party clients. Current assets under advice are
approximately $7 billion.
FOUR Capital Partners Limited was set up in 2006 as a UK equity
specialist by its founding partners, Tom Carroll, Derrick Dunne,
Chris Rodgers and Ted Williams.