Liontrust has announced the proposed acquisition of River Global’s asset management business, which would add c£2.7bn AuM, bringing the Group’s pro forma AuM to £24.4bn. We believe the deal is attractive as it strategically broadens the Group’s product offering with a range of well-performing funds at a valuation that is visually highly attractive. We reflect the acquisition in our forecasts, assuming the deal closes later this calendar year, with marginal accretion in FY27E (+1% adj. FD EPS) an ....
