Specialist investment manager Gresham House, which recently won the Funds Europe award for best European alternative manager, has acquired Ireland-based boutique Appian Asset Management.
The deal has been sealed for an initial consideration of €4.55 million, with €3.6 million payable upon completion.
Based in the Republic of Ireland, Appian is an active asset manager with around €330 million in assets under management as at September 30, 2020.
Gresham chief executive Anthony Dalwood said establishing a regulated platform in Ireland will allow the firm to further build its specialist asset management business in Ireland and the EU.
“Appian, and its ambitions to increase its presence in alternative asset classes, will be complementary to our existing forestry portfolio and growth strategy in Ireland,” he added.
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