Schroders finds £230m resolution in rival River and Mercantile | Enterprise
Schroders will buy part of smaller rival River and Mercantile Group in a £ 230 million deal.
The acquisition will add $ 42 billion to Schroders’ assets.
Schroders has made a number of acquisitions in recent years, including Sandaire, a specialized family office based in London, and a majority stake in Pamfleet, an Asian real estate investment manager.
Leonie Schroder joined the Schroders Management Board as a non-executive in 2019
SCHRODERS
A much larger acquisition of London-listed M&G was also considered earlier this year.
It is now buying River and Mercantile’s solutions business, which manages pension fund money, for £ 230 million. As part of the transaction, James Barham, Chief Executive of River and Mercantile, and all existing solutions will join Schroders.
Barham said, “We have
