Specialist alternative asset manager Gresham House has received formal approval from the Financial Conduct Authority for the proposed acquisition of FIM Services by its wholly-owned subsidiary Gresham House Holdings, it announced on Thursday.
AIM-listed alternative asset manager Gresham House has announced the acquisition of alternative investment fund manager FIM Services for up to £25m on a cash-free, debt-free basis.
AIM-listed specialist alternative asset manager, Gresham House, has exchanged contracts with housebuilder and urban regeneration partner Countryside Properties for the sale of its five-acre site at Newton-le-Willows for a gross value of £2.1m, with completion expected in early 2018.
Specialist alternative asset manager Gresham House has completed the acquisition of the asset management business of UK new energy infrastructure manager Hazel Capital, it announced on Tuesday.
Specialist asset manager Gresham House announced on Monday that it has exchanged contracts with St Modwen Developments to sell Southern Gateway, its property in Speke, for a gross value of £7.25m, with completion expected shortly thereafter.
AIM-listed specialist asset manager Gresham House has entered into exclusivity arrangements and conditional heads of terms to acquire Hazel Capital, a UK asset manager of new energy infrastructure, for an undisclosed sum.
Gresham House said the UK Financial Conduct Authority has approved the proposed subscription by The Royal County of Berkshire Pension Fund.
Asset management company Gresham House Strategic reported strong operating and strategic progress within its portfolio in the first half, driving NAV per share up by 8.5%, outperforming the FTSE small-cap (ex Investment Trusts) Index by 2.0%.
Gresham House posted its interim results for the six months to 30 June on Wednesday, with revenue increasing 254% to £1.7m.
Gresham House announced the appointment of Kevin Acton as its new finance director on Tuesday, taking up the post on 6 June.
Specialist asset manager Gresham House secured funding for its ongoing 'strategic development' on Tuesday, announcing a new £7m banking facility with Kleinwort Benson Bank.
A complex transaction was being undertaken by Gresham House on Friday, as the company announced its intention to establish a new fund for institutional, family office and professional investors, to be advised by its subsidiary Aitchesse Ltd.
A round-up of the biggest director deals today so far.