LONDON: Polar Capital Holdings has acquired Dalton Capital, the parent company of Dalton Strategic Partnership LLP, as all pre-conditions including approval from the Financial Conduct Authority (FCA) were satisfied. The initial consideration for the acquisition has been satisfied through £8.5 million in cash plus 7,482 new ordinary shares in Polar Capital. Further deferred cash consideration…
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Polar Capital Holdings to acquire Dalton Strategic Partnership LLP
LONDON: Polar Capital Holdings plc has reached an agreement to acquire 100% of the issued share capital of Dalton Capital (Holdings) Limited, the parent company of Dalton Strategic Partnership LLP, a UK based boutique asset manager with Assets under Management (AuM) of £1.24bn as at 15 December 2020, from its shareholders. This AuM figure excludes…