Wealth Manager - the site for professional investment managers

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

Liontrust acquires Walker Crips Asset Managers for £12m

Liontrust acquires Walker Crips Asset Managers for £12m

Liontrust Asset Management will acquire Walker Crips, paying around £12 million for the firm and taking over two of its best-known managers Jan Luthman and Stephen Bailey.

It is understood that the Walker Crips brand will remain in use for the company's private client arm, however Luthman (pictured) and Bailey - both Citywire Selection picks - will be absorbed into the Liontrust framework.

Announcing the deal to shareholders, Liontrust said it had entered into a conditional share purchase agreement with Walker Crips Group to purchase the entire issued share capital of Walker Crips Asset Managers (WCAM) for a total consideration of £12.348 million.

'The proposed acquisition includes the highly rated fund management team at WCAM headed by Stephen Bailey and Jan Luthman,' the firm said.

'The team has an excellent pedigree and the funds they manage have strong and consistent records. Stephen Bailey and Jan Luthman will, on completion of the proposed acquisition, join Liontrust and will continue to manage the CF Walker Crips UK Growth Fund, CF Walker Crips Equity Income FundCF Walker Crips UK High Alpha Fund, CF UK Fund and two Institutional segregated accounts,' the firm added.

More to follow

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter