Forsyth Partners is set to sell its London-based European distribution operation to investment banking firm Crosby Capital Partners, it has been confirmed.
Crosby today says it has entered in to a “memorandum of understanding” with Forsyth and hopes the remaining regulatory and administrative conditions are met to see through the purchase. Other prospective buyers or partners, understood to include Belgravia Asset Management, appear to have missed out on a deal with Forsyth, which has around $1.2bn under management and operates from offices in locations including Croydon, Hong Kong and Zurich. A spokesperson for Hong Kong-based Crosby says: “Details of any transaction, if successfully completed, will be made public in due course.” In a stat...
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