Strategic Equity Capital manager changes hands

Strategic Equity Capital manager changes hands – The senior management of London-based specialist fund manager GVQ Investment Management Limited (“GVQ”) have entered into an agreement to acquire 100% of
GVQ from RIT Capital Partners plc (“RIT”), subject to regulatory approval.

GVQ currently manages GBP700 million of assets through two Irish listed open-ended funds, the GVQ UK Focus Fund and the GVQ Opportunities Fund in addition to Strategic Equity Capital. There will be no changes to the investment process or fund manager teams as a result of this transaction.

Jamie Seaton, CEO of GVQ, commented: “We are grateful to RIT for its support over recent years. GVQ has witnessed strong growth under RIT ownership, with assets under management doubling during this period. This is an exciting time for the company and we look forward to further developing GVQ as a world class, now fully independent, specialist asset manager.”

In response, RIT Capital Partners said: “The growth of GVQ under RIT’s ownership has been pleasing and this transaction represents an attractive realisation of our investment. The MBO ensures continuity of GVQ’s investment team and allows them to build on the achievements of recent years. We wish the team every success and we will continue to benefit from GVQ’s investment expertise through RIT’s shareholding in Strategic Equity Capital plc.”

SEC : Strategic Equity Capital manager changes hands