Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Aviva Investors buys 7.3% River & Mercantile stake

Aviva Investors buys 7.3% River & Mercantile stake

It has emerged that Aviva Investors has taken a significant position in newly listed River & Mercantile.

According to a regulatory filing at the end of last week, Aviva Investors bought around six million shares in the boutique representing a 7.3% interest.

On 23 June, River & Mercantile disclosed an offer price of 183p, giving the firm a market capitalisation of £150.2 million.

The firm is putting 27.6% of it share capital on the market. Selling shareholders include Punter Southall Group, Pacific Investments Management and the firm's founder Sir John Beckwith.

The company expects to raise £15 million, which it intends to invest in its advisory and asset management capabilities in both the UK and abroad.

'The group is well positioned to capitalise on the "pensions revolution" and the increasing importance of governance to clients' investment strategies,' River & Mercantile chief executive Mike Faulkner told the market.  

'We look forward to building on our strong investment performance and high levels of client satisfaction.'

River & Mercantile's stable of fund managers includes Citywire AAA-rated Dan Hanbury (pictured) and AA-rated Hugh Sergeant.

Leave a comment

Related Fund Managers

Hugh Sergeant
Hugh Sergeant
10/155 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 57.51%
Daniel Hanbury
Daniel Hanbury
5/43 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 69.00%
Citywire TV
Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter