Gresham House set to be bought by US firm for £469.8m
The offer has been recommended by the Gresham board
The offer has been recommended by the Gresham board
‘The clock is now at one minute to midnight for the future of GAM’
Rumoured to have given prospective buyers until the end of July to table offers
Allegedly working with Goldman Sachs on a review of the business
GAM board calls for shareholders to accept the deal
Following the appointment of Gabrielle Beaumont as CEO
Assets managed by robo advisers will reach $5.9trn in four years
Backed by 84% of votes at a general meeting held on 7 July
Deal will see the US private credit firm renamed ‘Man Varagon’
As it launches a members-only buyout proposition
Deal bolsters the wealth manager’s footprint in Scotland
The regulatory snag was not overcome in time