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Burford to acquire Gerchen Keller Capital

By BFN News | 07:32 AM | Wednesday 14 December, 2016


Burford Capital has entered into a definitive agreement to acquire GKC Holdings, the parent of Chicago-based Gerchen Keller Capital, for $160 million in a combination of cash, Burford shares and loan notes and a further potential $15 million in performance-based share consideration. Burford says the acquisition will be immediately accretive to earnings per share. GKC is a major and rapidly growing law-focused investment manager registered as an investment adviser with the US Securities and Exchange Commission. It currently has $1.3 billion in assets under management in private investment vehicles, raised from public pensions, financial institutions, university endowments, foundations and family offices. Story provided by StockMarketWire.com

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