Fee-based adviser and asset management firm Brooks Macdonald has agreed a £4m deal to acquire structured product and property group Braemar.
The 2.25p per share offer, which has been agreed by the Braemar board, is at a 63.6% premium to Braemar's closing price last night. Braemar, through its Securities and Estates core divisions, manages a range of investment products and property funds. Its Securities operation designs, promotes and manages structured products and promotes its funds to high net worth individuals, via IFAs and other regulated entities. Braemar's range of funds comprises three Oeics investing in agricultural land, student accommodation and ground rents - as well as nine closed-ended residential property...
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