Brooks Macdonald buys Arch cru fund manager Spearpoint

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Brooks Macdonald has acquired discretionary fund manager Spearpoint, manager of the Arch cru funds, in a deal that could reach £32m.

Expected to complete on 19 November, the deal will see Brooks pay an initial £23.1m for the Jersey and Guernsey based group, with a deferred consideration of up to £9m, based on the future level of Spearpoint's...

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