Syndicate Asset Management plc (SAM) a UK AIM traded specialist fund management consolidator, is to acquire EPIC Investment Partners Limited (EIP) and the minority interests in its principal subsidiaries (the EIP Group). Completion is expected to occur on or around 19 January 2007.
EIP is the holding company for a group of specialist fund management companies, with particular emphasis on the areas of fixed interest institutional fund management, fixed interest and equity fund management services for specialist closed end funds, property and private equity investments.
“EIP represents a major step forward in achieving SAM’s objective of broadening the investment business within the group,” says John Morton, the Group Chief Executive of SAM. “Having approximately 5.5 billion under management means that we are now a significant force in the fund management market place. Our business model of providing a supportive environment for entrepreneurial and innovative fund management operations to flourish is working extremely well. We are seeing the effects of this model in the companies we acquired last year, who, despite lower stock market trading volumes, are performing very well and benefiting from the increasing focus on fee rather than commission driven business. We very much look forward to the EIP team joining our successful group and benefiting from this rewarding formula.”