Elcot to take up to 50% stake in Premier AM
Premier Asset Management has agreed a £10m deal with Elcot Capital Management which could see it acquire up to half the firm from private equity backer Electra.
Elcot will acquire 25.1% of Premier from Electra Private Equity, which will retain a minority interest, for £10m and has the option to acquire a further 25.1% at a later date for another £10m. Electra...
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