AssetCo to sell stake in River and Mercantile's infrastructure business

Partners of RMI led by Ian Berry to purchase

AssetCo Group, Martin Gilbert’s acquisition vehicle, has agreed to sell its stake in River and Mercantile’s infrastructure investments business (RMI) to its chief Ian Berry, alongside its other two existing partners.

In a stock exchange notice today (6 October), the company said the partners of RMI will continue managing and operating the business outside the AssetCo Group, with the sale expected to close in the fourth quarter of this year.  RMI's primary activity is as investment adviser to the River and Mercantile Infrastructure Income fund, which was launched and made its first investments in 2022.  Infrastructure equity capabilities 'jewel' in River and Mercantile crown Ian Berry joined River and Mercantile to lead the firm's infrastructure business in January 2021 after more than a decade ...