Four Capital and Sanlam International Investments have merged to create a “more diversified business with a significant increase in assets under management”, Four Capital director Derrick Dunne has said.
The deal, which is subject to FCA approval, would see a holding company created called Sanlam Four, in which the Sanlam Group would have an 89.7 per cent stake.
According to an announcement of the deal, the existing investment teams and processes at the companies would not be affected.
Mr Dunne said: “Underpinning the business are small specialist investment teams operating within an investment-led, entrepreneurial culture. This will never change and performance will always remain each team’s focus.”
Lukas van der Walt, chief executive of Sanlam UK, said: “We have been busy in recent years building the infrastructure and resources to create market-leading wealth and asset management offerings in the UK. This is another important milestone on that journey.”
