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

Join now

 

Already a Professional Pensions
member?

Login

James Baxter-Derrington
Author spotlight

James Baxter-Derrington

Editor

View profile
More from James Baxter-Derrington

Cautious optimism as UK GDP turns positive in January

Spring Budget 24: Treasury confirms regulation of ESG ratings

More on Investment

Spending review a 'statement of intent' to be welcomed by trustees
Investment

Spending review a 'statement of intent' to be welcomed by trustees

British Business Bank expansion and other investment commitments backed by PLSA

Jonathan Stapleton
Jonathan Stapleton
clock 12 June 2025 • 2 min read
PP 30: Defined Pensions have come full circle
Investment

PP 30: Defined Pensions have come full circle

Jonathan Punter of Punter Southall looks back on policy shifts, technology leaps, and the ongoing quest for member security and better DC outcomes.

Sarka Halas
Sarka Halas
clock 12 June 2025 • 4 min read
Partner Insight: Midyear macro outlook - A new dawn of uncertainty
Investment

Partner Insight: Midyear macro outlook - A new dawn of uncertainty

Geopolitical tensions, tariff uncertainty and global economic slowdown look set to define the second half of 2025. Columbia Threadneedle Investments' global CIO looks at why active management and research-led investing are the way to navigate this global complexity.

William Davies, Global Chief Investment Officer at Columbia Threadneedle Investments
clock 10 June 2025 • 5 min read
Trustpilot