MILAN, August 5 (Reuters) – Mediobanca acquires control of Cairn Capital, credit asset managers in London.
According to the agreement, it said in a note, Mediobanca will acquire initially 51% of Cairn Capital, mainly by financial shareholders, including The Royal Bank of Scotland that come out? A completely from the capital. Mediobanca will have? A the option to acquire the remaining 49%, largely on the part of management, from the third year.
“In view of the content value of the transaction are not expected significant impact on CET1 Group”, for the note.
Cairn Capital, founded in 2004, offers a wide range of management and advisory services in credit, with a specific focus on Europe. 30 June 2015, Cairn Capital had $ 5.6 billion of assets under management and $ 9.1 billion in onnessi advisory mandates in the long term.
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