Liontrust completes acquisition of Alliance Trust Investments

Liontrust has completed its £30m acquisition of Alliance Trust Investments (ATI).

Liontrust completes acquisition of Alliance Trust Investments

The deal takes Liontrust’s assets under management (AUM) past the £8bn mark, with the new sustainable investments team adding £2.5bn to the group’s AUM.

Headed by Peter Michaelis, the new 14-strong team will run 11 sustainable investment funds as part of the Liontrust Sustainable Investment Team.

All 11 funds will continue to be run by the same managers, and will use the same investment process as before.

John Ions, chief executive of Liontrust, said: “We’re excited to start working with the Liontrust Sustainable Investment Team, and to be able to offer its range of funds to our clients. 

“The team is an excellent addition because they are experienced and have a clear and robust investment process.

“We are confident that interest in and demand for sustainable investment will only continue to grow.”

The £30m deal comprised of £17m in new ordinary shares, up to £3m in cash and £10m for the net asset value of ATI.

Following the announcement of the deal in December 2016 stockbroker Numis said the deal was “a sensible, value additive and diversifying acquisition and an important milestone in management’s ambition to grow AUM to £10bn”.

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