- Alternative asset manager Gresham House said Wednesday it planned to acquire FIM Services, a UK real assets manager, for up to £25.0m on a cash-free, debt-free basis.

On completion of the acquisition, Gresham house said it expected its combined assets under management would be over £1.5bn, across five specialist alternative investment strategies: forestry, new energy, UK housing and infrastructure, private assets and strategic public equity.

Gresham House said it would be pay an initial consideration of £21.0m, while a deferred amount of up to £4.0m would be payable if certain performance targets were achieved over a two year period post-completion.

Separately, Gresham House also announced plans to raise approximately £15.0m through a share issuance at a price of 410p.

At 9:59am: [LON:GHE] Gresham House Plc share price was +10p at 415p

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