Sanlam announces two new deals

Financial services group Sanlam on Thursday announced two new international investment management transactions, one an acquisition in the UK and the other the formation of a new asset manager in Asia.

Hendrik Pfaff, managing director of Sanlam International Investment Partners (SIIP), says that these developments are in line with the strategic objective of expanding the group's global asset management footprint through direct investment in specialist investment management businesses in specific regions.

The first deal is an investment partnership with UK-based investment manager, Four Capital Partners (Four). In terms of the partnership, Sanlam will take an initial equity interest of 29.9% (subject to various regulatory approvals) in the firm for an undisclosed sum.

Pfaff says: "Four is a quality specialist investment management business that complies with all the key criteria that SIIP looks for in an investment partner. The senior management team is experienced and impressive, the investment process is proven and the performance track record outstanding. We look forward to assisting in developing Four into one of the leading specialist asset management businesses in Europe."

The second announcement is the establishment by SIIP of an Australian-based specialist Asia Pacific funds manager, Eight Investment Partners (8IP) (subject to regulatory approval).

"I am delighted that Kerry Series, formerly Head of Asia Pacific Equities for AMP Capital Investors, has joined 8IP as CIO and shareholder. Series is one of the most experienced Asian equity investors in Sydney, with a history of generating alpha for clients over many years. Having been a Co-Founder of Perennial Investment Partners, his track-record in both markets and business made him an excellent choice to lead this venture. We look forward to working with him to develop 8IP into one of the leading specialist asset management businesses in Asia," said Pfaff.

Get commercial property news by email

Free alerts when we publish — pick a focus or get everything, unsubscribe in one click. Subscribe »