Acquisition success for Liontrust Asset Management
We are delighted to announce we acted as Financial Adviser and Sole Bookrunner to Liontrust Asset Management PLC on their acquisition of Architas’ UK businesses from Axa SA.
As well as advising the company through a competitive M&A process, we also completed a £66m equity placing via Accelerated Bookbuild. The placing was heavily over-subscribed at the screen price and brought five new high-quality institutional investors onto the company’s share register. Panmure Gordon is also acting as Sponsor in relation to the Architas acquisition, an ongoing Class One transaction.
Liontrust’s share price has responded positively to news of this earnings enhancing acquisition. On the day of announcement, the company was the best performing stock in the FTSE All Share.
Commenting on the transaction, Liontrust’s Chief Executive John Ions said:
This is the latest in a series of successful transactions for Panmure Gordon, following recent fundraises completed for Young & Co Brewery, PLC, STV Group plc, Portmeirion Group Limited, Inland Homes PLC and MaxCyte, Inc.