Acquisition

RNS Number : 0372O

Schroders PLC

22 June 2010

 



Schroders plc

Schroders acquires 49 per cent. of

 RWC Partners Limited

22 June 2010

Schroders plc (Schroders) announces that one of its subsidiaries has acquired 49 per cent. of the share capital of RWC Partners Limited (RWC).  

The 49 per cent. stake in RWC represents a financial investment by Schroders and was acquired mainly from existing third party, individual shareholders.  RWC will remain a separate legal entity and will continue to be managed by the existing management team. 

RWC had gross assets of approximately £10 million as at the date of completion of the transaction. 

For further information, please contact:

Schroders plc

Emma Holden                                                                        [phone]

                                                                                                [e-mail]

Schroders plc

Schroders is a global asset management company with £167.9 billion under management as at 31 March 2010.  Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.

We apply our specialist asset management skills in serving the needs of our clients worldwide. With one of the largest networks of offices of any dedicated asset management company and over 300 portfolio managers and analysts covering all the major investment markets, we offer our clients a comprehensive range of products and services.

Further information about Schroders can be found at www.schroders.com or on Schroders Talking Point http://talkingpoint.brighttalk.com/

For regular updates by e-mail please register online at www.schroders.com for our alerting service.

RWC Partners Limited

RWC Partners is an independent asset manager founded in 2000 which currently manages US$2.2 billion. The company manages a range of UCITS funds, alternative funds and institutional mandates.

For further information, visit RWC Partners at www.rwcpartners.com

 

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