F&C’s Thames River deal flows with opportunities

Fund manager will gain specialist skills to raise its margins

UK-listed fund manager F&C nailed its colours to the mast last week when it revealed terms to buy boutique asset manager Thames River Capital. F&C wants to raise its margins and sees buying Thames River as the way to do it.

The deal is material: F&C, which has a market cap of about £300m and net debt of £100m, is buying Thames River for a maximum of £54m.

WSJ Logo
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