Liontrust completes Alliance Trust Investments acquisition

Liontrust completes Alliance Trust Investments acquisition

Liontrust has completed its acquisition of Alliance Trust Investments (ATI) in a bid to boost its sustainable investment offering.

All 11 ATI sustainable investment funds and the investment team have been renamed to include the Liontrust brand, but will continue to use the same managers and investment processes as before.

The deal will add £2.5bn to Liontrust's assets under management (AUM), pushing it past £8bn AUM in total.

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When the deal was first announced in December, Liontrust was expected to pay up to £30m for ATI, including £17m in new shares, up to £3m in cash and £10m for the net asset value of ATI at the time of the deal’s completion.

Liontrust chief executive John Ions called the now renamed Liontrust Sustainable Investment Team an “excellent addition” to the fund house thanks to the “clear and robust” investment process.

“We are confident that interest in and demand for sustainable investment will only continue to grow,” Mr Ions said.

Peter Michaelis, head of the sustainable investment team at Liontrust, said that Liontrust’s culture, brand profile, and distribution capability were important considerations in the deal as the business looks to raise the profile of the funds in the UK and Europe.

“We look forward to continuing to run our funds using the Liontrust Sustainable Investment Process, focusing on managing money and not getting distracted by other day-to-day aspects of running a business,” Mr Michaelis said.