TRANSACTION SUMMARY

On 7 December 2021, Liontrust announced that it had agreed to acquire Majedie Asset Management Limited ("Majedie") for a total consideration of up to £120m.

The acquisition brings to Liontrust the highly rated and experienced institutional fund management team at Majedie. On completion, all of the investment team members will join Liontrust as the Global Fundamental Team and remain unchanged under James de Uphaugh, who will become Head of the Liontrust Global Fundamental Team. Rob Harris, Chief Executive Officer of Majedie, will join Liontrust as Head of Global Institutional Business. The acquisition will significantly boost Liontrust’s existing institutional proposition, and allow Liontrust to accelerate Majedie’s growth through its sales and distribution team.

MAJEDIE

Majedie is a specialist, active equities boutique with a leading UK equities heritage and outstanding long-term investment track record. The company has AuMA of £5.8bn across a range of UK and international equity strategies with longstanding incorporation of Responsible Capitalism comprising an evidence-based ESG research and integration process. Founded by the Mercury Asset Management UK Alpha Team in 2002, they have established top decile UK equities capabilities and a top quartile track record in US and Global equities. Majedie has a leading reputation among consultants, institutional and intermediated retail clients for its long-term investment record and high-quality service. It has a strong client base, diversified by type and distribution channel.

LIONTRUST

Launched in 1995, Liontrust is a specialist fund management group which listed on the London Stock Exchange in 1999 and is in the FTSE250 index with a market capitalisation of £1.4bn and £36.5bn in AuMA.

ROLE

SHP acted as exclusive financial adviser to Majedie.