Alantra advises Liontrust Asset Management Plc on its proposed acquisition of GAM

May 2023

Buy-side advisory

London – Alantra, the global investment banking firm, is advising Liontrust Asset Management Plc, the specialist fund management group, on its proposed £96 million acquisition of GAM Holding AG, a global investment management group.

GAM is a global investment manager that is listed in Switzerland and has, within its Investment Management division, assets under management and advice of CHF 23.3 billion (£20.9 billion) as at 31 March 2023. GAM has global distribution with offices in 12 countries and is geographically diverse with clients in almost every continent. It has 3,500 clients globally, of which around 2,700 are based in Europe.

The deal, which is conditional on, inter alia, regulatory approvals, Liontrust shareholder approval as a class 1 transaction, and acceptance of the offer by 66.7% of GAM shareholders, is structured as a share-for-share exchange offer, which would result in GAM shareholders owning about 12.6 per cent of the combined group at completion, expected in the fourth quarter this year.

Liontrust is being advised by JP McGrath, Jake Delaney and André Chetty from Alantra’s Financial Institutions Group.

JP McGrath, Partner in Alantra’s Financial Institutions Group, said, “The proposed acquisition of GAM is a strategically important move for Liontrust. We look forward to supporting our client finalise the transaction and to following the success of this partnership.”