TRANSACTION SUMMARY

On 21 December 2017, the senior management of London-based specialist fund manager GVQ Investment Management Limited (“GVQ”) entered into an agreement to acquire 100% of GVQ from RIT Capital Partners plc (“RIT”), subject to regulatory approval.

GVQ

GVQ is a leader in applying private equity techniques to public markets and in constructive corporate engagement. GVQ currently manages £700 million of assets through two Irish listed open-ended funds, the GVQ UK Focus Fund and the GVQ Opportunities Fund, and also manages Strategic Equity Capital plc (“SEC”), a London-listed investment trust. There will be no changes to the investment process or fund manager teams as a result of the transaction.

RIT CAPITAL PARTNERS

RIT Capital Partners plc is an investment trust listed on the London Stock Exchange with net assets of c. £2.9 billion. It is chaired by Lord Rothschild, whose family interests retain a significant holding.

ROLE

SHP acted as financial adviser to RIT Capital Partners.