F&C chairman Edward Bramson has won the backing of investors including George Soros for a new buyout fund that will target a mid-cap UK company.
The offshore vehicle, Sherborne Investors Guernsey B, will sit alongside the Sherborne Investors Guernsey A, the fund through which Bramson (pictured) holds a 22% stake in F&C. Groups including Soros Fund Management, Aviva Investors and Threadneedle have invested in the new fund, according to the Financial Times. The newspaper said Bramson's target will be an "underperforming and undervalued" publicly-quoted UK company, with the activist investor seeking to use most of the £200m raised for his new fund to take a 30% stake in one company. Bramson, who took over as F&C executive chai...
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