Martin Gilbert's AssetCo to acquire 63% stake in Rize ETF for £16.5m

Further £5.25m committed to fund growth

Martin Gilbert’s AssetCo has struck a deal to acquire a 63% stake in Rize ETF for £16.5m, with a further £5.25m to be invested in the thematic ETF provider to fund growth.

AssetCo plans to raise approximately £25m of new equity from investors to fund the acquisition. Following the deal, management and employees will own an effective 37% equity interest in Rize ETF, of which...