Liontrust to Acquire Hawksmoor Business for Up to GBP10 Million

03:46 AM EDT, 09/30/2026 (MT Newswires) -- Liontrust Asset Management (LIO.L) agreed to acquire Hawksmoor's fund management and model portfolio services business from Hawksmoor Investment Management for up to 10 million pounds sterling. The British asset manager will pay an initial 6 million pounds in cash, plus two contingent payments of up to 2 million pounds each, payable 12 months and 24 months after completion and dependent on certain run rate revenue levels, according to a Wednesday filing. The company will fund the deal entirely with existing cash, with no new shares to be issued. Liontrust said the business adds about 1.9 billion pounds of assets under management and advice. It expects to incur transaction and reorganization costs of about 1.9 million pounds. Subject to customary closing conditions, the proposed acquisition is expected to be completed by Dec. 31.