Aubrey Capital Management and LarrainVial, one of the largest financial services groups in Chile, have announced that LVCC (the holding company which controls LarrainVial Asset Management), has reached an agreement on the latter acquiring a 25 per cent stake in Aubrey with the deal concluding in the coming days, subject to final reviews by lawyers in the UK and Chile.
The firm writes that the transaction supports Aubrey’s enduring commitment to deliver actively managed portfolios for its clients. Aubrey will remain a majority employee-owned business and its main shareholders and founders will remain in the business. The firm will retain its Edinburgh head office, with an additional office in London.
This is an important agreement for LarrainVial, as it will facilitate the business strengthening its capabilities in emerging markets, thanks to the expertise of Aubrey and its team, the announcement says. The agreement also opens opportunities for LVAM and Aubrey to expand their strategies into new markets, broadening the client base for both businesses.
Andrew Ward, Chief Executive Officer of Aubrey Capital Management, says: “This is an extremely positive step for both firms that will result in a sharing and deepening of investment expertise and better access to distribution capability in the UK, US, Latin America and Europe.”
Ladislao Larrain, Chief Executive Officer of LarrainVial Asset Management, says: “It is very important for us to participate in the ownership of Aubrey, as it allows us to approach new markets and strengthen our international presence with a leading fund manager with almost 20 years of experience and an expert team in Emerging Markets.”
