River Global to sell asset management arm to Liontrust

River Global has reached a conditional agreement to transfer its entire asset management business to Liontrust Asset Management. The deal involves the sale of River Global Holdings Limited, the group’s asset management holding company. Under the agreed terms, Liontrust will pay an initial £7.6m ($10.1m) in shares. A further payment of up to £2.1m, also in shares, is contingent on certain revenue targets being met within a year after completion. Upon deal completion, River Global’s fund management oper ...