River and Mercantile parent AssetCo acquires Revera

The cost of the acquisition is less than half what was initially agreed earlier this year

James Baxter-Derrington
clock • 1 min read
Martin Gilbert
Image:

Martin Gilbert

AssetCo has completed its acquisition of Revera Asset Management in an updated deal that sees the Martin Gilbert-chaired group pay less than half of the original agreement.

The initial agreement published on 28 February had AssetCo agree to pay a total consideration of £2.8m for the Edinburgh-based boutique, with £1.9m in cash and the rest satisfied by share purchases...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Podcast: Reflections and revelations from the Alpha females of investing

Partner Podcast: Reflections and revelations from the Alpha females of investing

A look back at the themes shaping today’s multi-asset landscape

Karen Watkin, Portfolio Manager - Multi-Asset Solutions, AllianceBernstein
clock 27 November 2025 • 1 min read
'Startlingly low' Budget forecasts on surplus release show need to 'think bigger'

'Startlingly low' Budget forecasts on surplus release show need to 'think bigger'

Insight Investment says DB surplus release policy could achieve ‘much more’

Jonathan Stapleton
clock 27 November 2025 • 1 min read
Partner Insight: From oceans to AI - EOS's Q3 report highlights systemic risks for long-term investors

Partner Insight: From oceans to AI - EOS's Q3 report highlights systemic risks for long-term investors

The Q3 Public Engagement Report from EOS at Federated Hermes explores the implications of the ratified High Seas Treaty for companies and investors, AI’s insatiable appetite for energy, and key themes from the voting season across developed Asia and emerging...

Federated Hermes
clock 26 November 2025 • 3 min read
Trustpilot