Gresham House establishes EU presence with acquisition of Irish boutique

Potential total consideration of €10m

James Baxter-Derrington
clock • 2 min read

Gresham House is set to acquire Appian Asset Management, an Ireland-based active manager, for a potential total consideration of €10m (£9m), subject to approval.

Appian manages a range of funds across equities, property, infrastructure and forestry across €330m assets under management (AUM), along with a normalised EBITDA of €0.4m. Tony Dalwood: How Gresham House kept momentum despite Covid-19 This acquisition will bring the group's pro forma AUM to £3.6bn and will establish its presence in Europe with a regulated, EU-based entity, while offering an enhance capability across its sustainable infrastructure, social housing and forestry products. An initial consideration will see the firm pay €4.55m, which consists of a €3.6m payment, comprise...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Generative AI expands into investment processes but fails to replace fund managers

Generative AI expands into investment processes but fails to replace fund managers

‘We are cautious about the hype’

Sorin Dojan
clock 29 November 2024 • 4 min read
Stories of the Week: FCA urged to adopt reforms; US economy expands by 2.8%; UK watchdog delivers plans to regulate cryptocurrency

Stories of the Week: FCA urged to adopt reforms; US economy expands by 2.8%; UK watchdog delivers plans to regulate cryptocurrency

FCA, US economy and cryptocurrency regulation: The biggest stories from the world of investment and asset management this week

clock 29 November 2024 • 1 min read
Partner Insight: T. Rowe Price's 2025 Global Market Outlook

Partner Insight: T. Rowe Price's 2025 Global Market Outlook

T. Rowe Price's team of experts share their thoughts on investing during a global transition.

T. Rowe Price
clock 28 November 2024 • 2 min read
Trustpilot