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Gresham House plc

Real assets firm defies volatility to raise £8m for ‘pipeline’ of buys

Real assets business Gresham House has defied turbulent markets to raise £8m as it closes in on a number of potential acquisitions it is ‘currently in advanced stages of assessing’.

‘The placing is due to strong institutional demand following the publication of the financial statements for the year ended 31 December 2019,’ the business noted.

‘The directors believe the placing proceeds will enable the company to target new management contracts, product expansion and complementary acquisitions. The directors have a pipeline of opportunities they are currently in advanced stages of assessing although there is no guarantee that all of these will proceed to completion.’

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.