Simmons & Simmons advised Liontrust on acquisition of Neptune

02 Aug 2019

International law firm Simmons & Simmons has advised Liontrust Asset Management Plc on the acquisition of Neptune Investment Management Limited.

Liontrust is a specialist independent fund management group with shares quoted on the London Stock Exchange. Liontrust manages £14.1 bn (as at close of 30 June 2019), launched in 1995 and was listed on the London Stock Exchange in 1999.

The acquisition, which is subject to regulatory approval and is expected to complete in October 2019, will take Liontrust’s AuM to £17 bn. The strength of the combined investment capability of the two companies is demonstrated by the fact that Liontrust has 11 funds with FE Five Crown Ratings, which is the joint second highest of all asset managers, just behind BlackRock with 12 funds. Together, Liontrust and Neptune will have the most FE Five Crown Ratings at 18 funds.

Commenting on the transaction, Corporate Partner Mark Carroll said: “It was a pleasure to work with the Liontrust team on this complex deal. We are proud to have helped Liontrust achieve its strategic objectives as it continues to strengthen its proposition for both its clients and shareholders. This transaction further showcases the firm’s strength in the asset management sector and its ability to combine specialist expertise from across our practice areas.”

Also commenting on the transaction, Liontrust CFO and COO Vinay Abrol said: “We have been very impressed with the Simmons & Simmons team, their capabilities and professionalism, and have thoroughly enjoyed working with them. This was a complex deal made much easier for us with the advice and guidance of the Simmons & Simmons team, and we very much look forward to working with them again in the future.”‎

The Simmons & Simmons team was led by corporate partners Mark Carroll and Ania Rontaler, supported by Tom Fricke, Jenny Tran, Andy Scott, Emunpreet Rai (Corporate), Mark WattersonDarren Oswick (Tax), Tair Hussain (Incentives), Catherine Weeks, Camilla Jessel (Financial Services), Cathryn Bean, Liz Wake, Alistair Hayes (Employment), Ed Smith, Laura Lipton (Pensions), Angus McLean, Kireth Kalirai (IP), Alex Brown, Nick Mercer (ICT), Rhiannon Morgan -Williams (Real Estate), Chris Walton and Andrea Tompkins (US Securities).

Completion of ‎the transaction remains subject to regulatory clearance.

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