Asset Management

Dentons, Deloitte, Alantra set to share £11m in fees after failed Liontrust deal

Liontrust said it would incur a one-off charge “of not more than £11m’, after failing to acquire its Swiss rival

Advisers set to cash in, despite collapse of deal talks
Advisers set to cash in, despite collapse of deal talks Photo: Alamy

Law firm Dentons, Big Four consultancy Deloitte and investment bank Alantra are set to receive a slice of the £11m in fees Liontrust racked up in its failed bid for Swiss rival GAM.

UK-listed Liontrust announced on 24 August that it had failed to secure enough support from GAM shareholders to pursue its £96m takeover of the Zurich-headquartered firm.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached