AssetCo continues shopping spree with acquisition of SVM Asset Management

£10.7m total consideration

James Baxter-Derrington
clock • 2 min read
SVM Asset Management co-founder Margaret Lawson
Image:

SVM Asset Management co-founder Margaret Lawson

AssetCo has reached an agreement to acquire Edinburgh-based SVM Asset Management for a total consideration of £10.7m, marking its sixth purchase since Martin Gilbert took the chair last year.

Founded in 1990 by Margaret Lawson (pictured) and Colin McLean, the fund manager holds £586m in assets under management across five open-ended funds and an investment trust. Subject to completio...

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