Hansa is now the majority stakeholder in SVGIM, with the senior management of SVGIM holding a significant minority stake, Hansa said in a statement.

Under the new structure, SVGIM will continue to operate its existing managed funds as before, which include the SVG UK Focus Fund, an Irish listed open-ended investment company; and Strategic Equity Capital, a London-listed investment trust.

“We look forward to developing our existing business to build a world class asset manager, with a focus on unconstrained investment in high quality public companies and constructive corporate engagement," said Adam Steiner, chief executive of SVGIM.

Hansa has over $1.8 billion of assets and investments in minority holdings of a number of public companies in Europe, the US and elsewhere in the world, while SVGIM has assets under management of £200 million ($309.7 million).