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BT Investment Buys JO Hambro

Australian fund management firm BT Investment Management will acquire J O Hambro Capital Management for £209 million.

Australian fund management firm BT Investment Management (BTIM)will acquire J O Hambro Capital Management for £209 million. The firm will also take on a £181.75 million entitlement offer.

The firm will take over the London-based firm’s £7.1 billion business, along with a 9.9% stake in its private client operations, adds Financial Times. BTIM will fund the acquisition through a combination of equity, debt and cash

Click here for the release from BT Investment Management.

Click here for additional coverage from Financial Times.

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