Ebene News – US – Gresham House completes the acquisition of an Irish asset manager for 350 million euros – CityAM

Gresham House has fully acquired Irish fund manager Appian Asset Management in a deal that gives the company a presence European

The asset manager today announced the completion of the acquisition of Appian, which manages € 350 million in assets, following regulatory approval from the Central Bank of Ireland

Gresham House said the acquisition accelerates the company’s five-year growth and international expansion plans, giving it an EU-based platform after Brexit

The purchase brings Gresham House’s issued share capital to 33 million common shares and is expected to ‘boost profits’ for the fund manager

Appian, which manages a range of globally invested funds, is now fully integrated and will be marketed as Gresham House Ireland

Gresham House also said the acquisition will strengthen its focus on sustainability – an area in which it has recently experienced strong growth as interest in ESG has pushed its assets under management upwards

In May, the asset manager reported a 42% increase in assets under management to £ 4bn over the year, with organic growth of £ 1bn for housing, forestry and sustainable infrastructure

This was largely due to £ 437million of positive performance in the forestry sector, which rose in value by 29% during the year Strategic public actions rose 15% while other categories assets remained stable

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Gresham House, Asset Management, Mergers & Acquisitions, Investment, Assets

Ebene News – US – Gresham House Completes Acquisition of 350 Irish Asset Manager million euros – CityAM

Source: https://www.cityam.com/gresham-house-completes-acquisition-of-e350m-irish-asset-manager/