Horlick in hostile bid for Bramdean assets

clock

Nicola Horlick is planning a hostile takeover of the Bramdean Alternatives portfolio she manages, after it knocked back her bid to buy out its assets.

The Bramdean Alternatives board announced to the Stock Exchange yesterday it was terminating discussions with the bidder. The statement clarifies the alternative assets investment trust is still for sale and adds shareholders will be given a reconstruction plan after an EGM on Friday. It was revealed Horlick had discussions regarding a takeover of the fund earlier this month, after the company initially claimed it was in discussions with an anonymous bidder in April. Property tycoon Vincent Tchenguiz, a 28% shareholder in Bramdean Alternatives, through his company Elsina, made a move in...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read