Downing sells VCT business to Foresight for £17.8m
Infrastructure and PE manager to acquire £275m worth of mandates
Infrastructure and PE manager to acquire £275m worth of mandates
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Management team will retain a ‘significant minority stake’
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Company’s first acquisition since its MBO in July 2021
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It is targeting 15% annual growth over the next five years
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Acquisition of Alcentra will bring firmwide alternative assets to £219bn
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Its third acquisition since a US-based private equity firm bought a majority stake in the business
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Deal adds £120m in client assets to the Schroders’ subsidiary
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It acquired 21% of parent company LEBC Holdings at the start of the year
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Its IFA subsidiary is also part of the deal
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It is the company’s second deal in three years
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It has four potential acquisitions ‘in exclusive due diligence’
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FCA and Jersey regulator give deal their respective nods of approval
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