GAM agrees CHF 100m loan with core shareholder

Rock Investments SA

Eve Maddock-Jones
clock • 3 min read

GAM has finalised a deal with Rock Investments SA, which will see the latter provide CHF 100m in financial support to the asset manager.

Rock Investments SA is a French-incorporated entity that controls NewGAMe, a shareholder in GAM which actively opposed the failed takeover bid from Liontrust for the Swiss firm. The previous takeover deal included an £8.9m loan from Liontrust, which GAM was forced to repay when its shareholders voted against the acquisition in August. Failed GAM bid 'will lead to restructuring' as Liontrust outflows mount The new agreement between GAM and Rock Investments SA has been agreed until 30 June 2025, with the option for it to be extended by an additional 12 months. Additionally, Rock I...

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


More on Companies