Schroders to acquire 75% shareholding in Greencoat Capital

The deal, which follows a cash settlement for the purchase price from Schroders, includes a potential earn-out, subject to stretch revenue targets and to keeping Greencoat's senior management team in place. This will be payable three years after the deal is completed and is capped at £120m. The remaining 25% of the Greencoat business will also be made available to either Schroders or Greencoat's management shareholders via a series of options, to be made available over time. They will be designed to ensure "maximum stability and alignment between the four founders and Schroders", accordi...