Liontrust to acquire Majedie Asset Management

7 December 2021

It has been announced today that Liontrust has agreed to acquire Majedie. This is for an initial consideration of £80 million (including regulatory capital) plus up to £40 million for excess NAV and deferred consideration.

Majedie’s highly rated and experienced institutional fund management team will be joining Liontrust when the acquisition is completed in April 2022. On completion, the team will be renamed the Liontrust Global Fundamental team and continue to be headed by James de Uphaugh.Majedie’s highly rated and experienced institutional fund management team will be joining Liontrust when the acquisition is completed in April 2022. On completion, the team will be renamed the Liontrust Global Fundamental team and continue to be headed by James de Uphaugh.

There will be no change to the team’s existing high conviction, tried and tested investment process that will continue to be applied to the management of Majedie’s current funds, portfolios and investment trust mandates. The Liontrust brand will be used for all Majedie’s UK, US, Global and International equity funds.

The proposed acquisition will significantly boost Liontrust’s existing institutional proposition and enable an acceleration in growth in this key segment of the market through increasing our scale, distribution and client base. Rob Harris, Chief Executive Officer of Majedie, will join Liontrust as Head of Global Institutional Business.

Majedie’s clients will benefit from the enhanced resources of Liontrust. The institutional pedigree and focus of Majedie will strengthen Liontrust’s client service to the institutional market. Combining Majedie’s investment funds with Liontrust’s strong sales, marketing and brand among wealth managers and financial advisers is expected to boost further our combined position in this market.

Source: Liontrust