Mon, Jul 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Schroders to acquire UK firm Cazenove Capital for around £424m ($645m)

Monday, March 25, 2013

Benedicte Gravrand, Opalesque Geneva: - This morning, the boards of Schroders plc and Cazenove Capital Holdings Ltd reached agreement on the terms of the recommended acquisition by Schroders of Cazenove Capital. The acquisition is subject to shareholder and regulatory approval.

This follows a discussion, officially announced on Friday (22 March, 2013), of a possible cash offer by Schroders, with loan note alternative, for the entire issued ordinary share capital of Cazenove Capital.

This morning’s announcement confirms Cazenove’s shareholders would be entitled to receive 135 pence in cash per ordinary share, and that the acquisition would total around £424m ($645.7m).

Cazenove Capital, established in 1823, is an independent investment company with £18.7bn of AuM (as at 28th February, 2013), which manages investment funds and performs wealth management duties. The asset management part of the business formed a joint venture with JP Morgan in 2005 and demerged later, before acquiring private wealth management company Thornhill Holdings in 2010.

Schroders is a 200-year old global asset managem......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass